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Article Date: February 2024
Word Count: 222

Newell Outdoor Sales Slump as Dorel Veteran Takes Reins

Newell’s Outdoor & Recreation segment, which includes Coleman, Contigo, Campingaz, Marmot and other brands, saw revenues decline 22% to $165 million in the final quarter, compared to $211 million last year. Segment operating loss expanded to $45 million from a loss of $14 million in Q4 ’22. Full-year sales from the group fell 24% to $999 million, resulting in a full-year operating loss of $83 million, against a profit of $86 million the year before. In Jan., Newell announced it will spend up to $90 million in another restructuring that is ... Log in to view full article.


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