Despite a drop in sales in the second quarter, Newell Brands officials are offering a positive outlook for the company as they raised guidance for net sales and operating cash flow for the remainder of the fiscal year.
Ball Fresh Preserving, a brand of Newell, is celebrating 135 years of Ball Jars by bringing back the brand’s vintage aqua blue jars. The company has also launched new recipes and additional new canning products.
Just days after Newell Brands reported another decline in quarterly revenue, the company’s board of directors may be looking to replace CEO Michael Polk.
Fourth quarter revenue at Newell Brands was down as the company reported sales declines in its three key product segments including Food & Appliances.
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.
Second quarter sales at Newell Brands were down as company officials pinned the decrease on the closing of Toys ‘R Us and inventory destocking in the office superstore segment.
When Jack Pearson, a popular character in the NBC hit TV show “This Is Us,” died on the show as the result of a house fire that appeared to be caused by a faulty slow cooker, many of the show’s loyal fans reacted negatively, saying they would never use their Crock-Pot again.