Newell Brands appoints former Constellation Brands CEO to board. November 9, 2026 Newell Brands elected William "Bill" Newlands, former president and CEO of Constellation Brands, to its board of directors, effective January 1, 2027. With Newlands' appointment, the consumer products company's board will expand from eight to nine members. Newlands brings extensive experience in consumer brand management, corporate strategy, portfolio development and capital allocation, including leadership positions at several major beverage companies. "Bill's experience leading and scaling iconic consumer brands, combined with his public company governance background, makes him a tremendous addition to our Board," said Bridget Ryan Berman, chairperson of Newell Brands' board. "His perspective on driving sustained growth and allocating capital with discipline will be valuable as we pursue long-term shareholder value creation." Newlands served as president and CEO of Constellation Brands from 2019 until April 2026. Constellation Brands is best known as the owner of Corona and Modello and also owns several wine and spirits brands. He joined Constellation in 2015 as executive vice president and chief growth officer before becoming president of its Wine & Spirits division in 2016. He was subsequently promoted to chief operating officer in 2017 and president in 2018 before assuming the CEO position the following year. Before joining Constellation Brands, Newlands served as president of North America at Beam Inc. and held leadership positions at Allied Domecq Wines USA, wine.com and LVMH Chandon Estates. He currently serves as non-executive chairman of Hormel Foods Corporation and as a director of Keurig Dr Pepper, bringing additional public company board experience to his new role. "Newell Brands has an exceptional portfolio of brands that consumers trust and a strong foundation to build on," Newlands said. "I look forward to bringing my experience and working with my fellow Directors and the leadership team to extend the company's competitive advantages and execute consistently against its strategy." Newell Brands' outdoor and recreation segment includes Coleman, Marmot, Contigo, Bubba, Campingaz, Stearns and ExOfficio. Other brands include Sharpie, Paper Mate, Elmer's, Graco, NUK, Rubbermaid, Calphalon, Crockpot, Mr. Coffee, Yankee Candle and First Alert. Image courtesy Newell Brands

EXEC: Newell Outdoor & rec business core sales decline in Q3, return to growth seen for Q4. November 2, 2026 The Outdoor & Recreation segment of Newell Brands saw net sales in the third quarter slump 7.6 percent, although the decline was attributed to the timing of shipments rather than weak sell-throughs. Bubba, Contigo and Coleman reportedly saw healthy demand in the quarter. The segment also includes Campingaz, Ex Officio, Marmot and Stearns. The sales decline came after the Outdoor & Recreation segment in the second quarter reported its first gain in core sales in four years, led by high-single-digit growth at Coleman and helped by accelerated investments in innovation. Segment sales in the third quarter reached $169 million, down from $183 million in the prior year period. The decline reflected a core sales decline of 6.4 percent, as well as the impact of unfavorable foreign exchange. In its 10Q filing, Newell said the decline mainly reflected "weaker demand and product line exits, partially offset by launches of product innovations." Operating loss was $14 million compared with a loss of $8 million. Normalized operating loss was $10 million, or negative 5.9 percent of sales, compared with $1 million, or negative 0.5 percent of sales, in the prior year period. The higher loss primarily reflected a decline in gross profit due to lower net sales and $4 million increase in advertising and promotion spending to support new market entry initiatives and new product launches. On an analyst call, Chris Peterson, Newell's president and CEO, nonetheless, said the segment continues to benefit from some promising innovation. "Outdoor and Recreation core sales declined in the third quarter, even as consumers continued to respond well to our 2026 relaunches of Bubba and Contigo," said Peterson. "Bubba contributed positively, Contigo delivered core sales growth in the third quarter, and we grew share in the important hydration segment." He added, "In addition, Coleman Snap 'N Go was recently recognized among Time's Best Inventions of 2026. Demand continues to significantly exceed our initial expectations, and we are expanding availability ahead of the holiday gifting seasons, since Snap 'N Go makes large-capacity coolers easier to store, transport, and use." Asked in the Q&A about whether the quarterly decline reflected challenging point-of-sale sell-throughs or was due to seasonal shipment issues, Peterson said the main impact was shipment timing and predicted a return to growth in the current quarter. "I think it is more of a shipment timing issue than a POS issue," said Peterson. "Our forecast for Q4 has O&R bouncing back in Q4 and turning back to positive core sales growth. We obviously do not guide at that level, but when you see that, when you see a business that goes positive and then goes negative and then comes back to positive, you got to sort of look at a little bit of longer-term trend to really get a sense of what is going on. As I said, that was the one business that sort of, from a shipment standpoint, did come in a little below what we thought. But we believe we are on track to get that business back to growth sustainably. It is just a little choppy as we move into that." Companywide Results Companywide, net sales were $1.87 billion in the quarter, an increase of 3.7 percent compared with the prior year period and ahead of analysts' consensus target of $1.85 billion. Core sales grew 3.3 percent compared with the prior year period. The quarter marked the second consecutive quarter of positive core sales growth and exceeded management's guidance range of 2 percent to 3 percent. In its other segments, the Home & Commercial Solutions segment generated sales of $1.01 billion, up 6.2 percent year over year, reflecting core sales growth of 6.0 percent as well as the impact of favorable foreign exchange. The Learning & Development segment's sales grew 1.6 percent to $692 million, reflecting core sales growth of 2.3 percent, as well as the impact of unfavorable foreign exchange. Overall growth during the quarter was broad-based, with both the U.S. and international delivering growth along with four of six businesses and seven of its top 10 brands. Newell's other brands include Rubbermaid, Sharpie, Graco,, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, DYMO, EXPO, Elmer's, Oster, NUK and Spontex. Newell posted a net loss of $81 million, or 19 cents a share, in the quarter compared with net income of $21 million, or 5 cents, in the prior-year period. The latest quarter included a non-cash impairment charge of $101 million related to an indefinite-lived tradename tied to its Home & Commercial Solutions segment. Normalized earnings were $86 million, or 20 cents a share, compared with $70 million, or 17 cents, in the prior year period, and in line with analyst targets. Normalized EBITDA increased 10.2 percent to $248 million compared with $225 million in the prior year period. Peterson said earnings came in higher than internal expectation despite inflation that exceeded going-in expectations. He said the company is benefiting from aggressive efforts in innovation across major brands started in 2023. "Trailing 12-month normalized EBITDA was up meaningfully, having grown 20 percent versus a year ago," said Peterson. "With two consecutive quarters of top-line growth, it is becoming increasingly clear that investments in consumer understanding, innovation, brand building, marketing, and go-to-market capabilities are expanding distribution and driving growth." Outlook Newell raised its full-year 2026 net sales growth outlook to 2 percent to 3 percent, up from 1 percent to 2 percent previously. The full-year normalized EPS outlook was narrowed to 74 cents to 76 cents from a previous range of 73 cents to 77 cents. Regarding the outlook, Peterson said the categories Newell competes in were roughly flat globally in the third quarter, consistent with what the company experienced during the second quarter, but slightly better than contemplated in its July outlook. He said, "Consumer conditions were stronger in the U.S. and Latin America, while EMEA and APAC remained more challenged amid ongoing macroeconomic pressures and the direct and indirect effects of the Middle East situation." Based on trends in the third quarter and fourth quarter so far, Newell now expects the categories in which it competes in to be flat to down 1 percent for the full year, which is one to two points better than assumptions at the year's start. Inflation, excluding tariffs, however, has continued to run above expectations, particularly diesel fuel and transportation costs, with broader pressures across commodities like resins, purchased products, and labor, said Peterson. Newell still maintained the midpoints of its normalized operating margin and normalized earnings per share outlooks as higher-than-expected sales and cost-containment efforts are projected to offset the inflationary pressures. The cost savings reflect improvements across procurement, product design and value engineering, manufacturing, and distribution. Looking to 2027, Peterson said Newell expected global category growth to remain "roughly in line with this year," given that the macro environment "remains volatile and difficult to predict." He added, "We expect to maintain positive core sales growth by growing faster than the category, driven by a strong portfolio of innovation, distribution gains, and marketing activation." Inflation for 2027 is expected to be about $150 million, which is above normal levels, but below the $220 million in 2026. Peterson added, "Given the cumulative two-year impact of inflation of $370 million, or about 8 percent, we plan to take modest pricing early in 2027, as we cannot offset this level of impact from productivity alone." Image courtesy of Coleman