Company News, Financial News

Net Sales Decline 9% for Newell Brands in Q3 2023

Gross margin improved over 100 basis points versus prior year.

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By: Lianna Albrizio

Associate Editor

Net sales for Newell Brands were $2 billion in the third quarter 2023, a 9% decline compared to the prior-year period.    Gross margin improved over 100 basis points versus prior year.   Year-to-date operating cash flow increased over $1.2 billion versus the prior year, and the company reduced net debt by nearly $400 million.    “Since introducing a new strategy in June, we have been laser focused on implementing the organizational, operational and cultural changes ...

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