WASHINGTON (dpa-AFX) - While reporting financial results for the fourth
quarter on Friday, consumer goods company Newell Brands, Inc. (NWL) initiated
its normalized earnings and sales growth guidance for the full-year 2024. The
company also provided outlook for the first quarter.

For fiscal 2024, the company now projects normalized earnings in a range of
$0.52 to $0.62 per share on net sales decline of 8 to 5 percent, with core sales
decline of 6 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report
earnings of $0.77 per share on revenue decline of 4.3 percent to $7.69 billion
for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company anticipates normalized loss in a range of
$0.09 to $0.05 per share on net sales decline of 10 to 8 percent, with core
sales decline of 8 to 6 percent.

The Street is looking for earnings of $0.02 per share on revenue decline of 6.3
percent to $1.68 billion for the quarter.

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