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Unfavorable forex and the exit of Yankee Candle retail locations impacted performance in home fragrance.
October 28, 2022
By: Lianna Albrizio
Associate Editor
Net sales for Newell Brands were $2.3 billion, a 19.2% decline compared with the prior year period, the company reported. This included the year over year impact from the sale of the Connected Home & Security (CH&S) business at the end of the first quarter 2022. “Following strong performance over the first half of the year, results decelerated in Q3, reflecting a tough operating environment as many retailers rightsized their inventory positions, inflationary pressure on...
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