|Bid||15.91 x 1100|
|Ask||15.92 x 800|
|Day's range||15.68 - 15.94|
|52-week range||12.25 - 26.45|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||11.79|
|Earnings date||10 Feb 2023|
|Forward dividend & yield||0.92 (5.84%)|
|Ex-dividend date||29 Nov 2022|
|1y target est||16.70|
In response to rising inflation, Newell Brands (NWL) has come up with a restructuring and savings initiative, Project Phoenix, to reduce costs and optimize the organization.
Yahoo Finance Live anchors discuss reports that Newell Brands will cut 13% of its workforce amid restructuring plans.
ATLANTA, January 23, 2023--Newell Brands (NASDAQ: NWL) today announced a restructuring and savings initiative, Project Phoenix, that aims to strengthen the company by leveraging its scale to further reduce complexity, streamlining its operating model and driving operational efficiencies.