Newell Outdoor Segment Plunges in Q1
NWL’s Outdoor & Recreation segment sales dropped 30% on a reported basis to $270 million in the first quarter from $388 million last year, and core sales excluding foreign exchange declined 27%. A wet and cold start to the season in the western part of the country was blamed for the decline, along with retailer destocking. Operating loss for the group, ... Log in to view full article.
