Company News, Financial News

Newell Brands: Q4 2023 Financials

The owner of Yankee Candle says core sales in home fragrances declined.

Newell Brands home and commercial solutions unit—home to Yankee Candle, WoodWick and Chesapeake Bay Candle brands—reported Q4 net sales of $1.3 billion compared to $1.4 billion in the prior-year period.  Core sales decreased in all three businesses, including home fragrance, according to the company.
 
The change reflects a core sales decline of 8.2% and the impact of certain category exits, partially offset by the impact of favorable foreign exchange.

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