Newell Brands Outdoor & Recreation Core Sales Fall 27 Percent In Q1; Swings To Loss

April 28, 2023

Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, saw overall consolidated net sales decline 24.4 percent to $1.8 billion for the first quarter when compared to the prior-year first quarter. The decline was said to be due to the impact of the sale of the CH&S business at the end of the first quarter 2022, unfavorable foreign exchange, as well as category exits. SGB Media