Newell Brands Inc. Reports Net Loss of $102 Million for Q1 2023
Revenue Declines to $1.8 Billion for Q1 2023, Affecting Newell Brands' Performance
By USInMinutes
Published - Jul 28, 2023, 11:19 AM ET
Last Updated - Jul 28, 2023, 11:19 AM EDT
Newell Brands Inc. ( NWL), a leading global consumer goods company, released its financial results for the first quarter of 2023, showing a net loss of $102 million. The company's revenue also experienced a decline, reaching $1.8 billion, affecting its overall performance during the quarter.
Net Income/Loss
Newell Brands faced a challenging first quarter in 2023, reporting a net loss of $102 million. This compares to a net income of $228 million in the same period in 2022. The substantial decrease in net income reflects the company's struggle to overcome various operational hurdles and external factors impacting its financial performance.
Revenue
