Why Newell Brands Inc. (NWL) Crashed Last Week

We recently compiled a list of the These 10 Firms Were Last Week’s Worst Performers. In this article, we are going to take a look at where Newell Brands Inc. (NASDAQ:NWL) stands against the other stocks.

Volatile trading persisted on the stock market last week as investors scrambled to react to a flurry of positive and negative news that sparked both buying and selling positions.

On Friday alone, all Wall Street main indices fell into the red territory, with trading dampened mainly by tariff threats and expectations of a higher inflation rate in the US.

Ten companies under mixed sectors also mirrored the decline, with each booking double-digit slumps. This article details which 10 companies suffered the most last week and what specifically caused investor pessimism.

To come up with last week’s worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A technician inspecting a commercial kitchen appliance in a factory line.

Newell Brands Inc. (NASDAQ:NWL)

Shares of Newell Brands Inc. declined by 28.4 percent last week to end Friday’s trading at $7.13 each versus the $9.96 registered on January 31 as the company’s dismal earnings performance last year weighed down on the company’s shares.

In the last quarter of 2024, NWL reported 8.4 percent lower net sales at $1.9 billion versus the $2.076 billion registered in the same period last year. Meanwhile, net sales for the full year 2024 declined to $7.5 billion from $8.13 billion in 2023.

Despite the revenue drop, NWL was able to narrow its net loss by 37 percent to $54 million from $86 million during the quarter as well as by 44.3 percent at $216 million from $388 million for the full year.

For this year, NWL said it expects even lower, with figures declining between 2 to 4 percent.

NWL is one of the leading consumer goods companies that owns brands such as Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz.

Overall NWL ranks 4th on our list of last week’s worst performers. While we acknowledge the potential of NWL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NWL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.