Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q4; Loss Widens

February 10, 2023

The Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $211 million in Q4 compared with $304 million in the prior-year period, reflecting a core sales decline of 21.0 percent, as well as the impact of exits from certain low margin categories and unfavorable foreign exchange. The reported operating loss was $14 million, or negative 6.6 percent of sales, compared with $1 million, or negative 0.3 percent of sales, in the prior-year period. Normalized operating loss was $4 million, or negative 1.9 percent of sales, versus normalized operating income of $8 million, or 2.6 percent of sales, in the prior-year period. SGB Media