BUZZ-Newell Brands down after Q1 loss forecast, weaker sales

Shares of Sharpie maker Newell Brands NWL.O plunge ~12% to $8.56 premarket

NWL expects Q1 loss on increased promotional costs, and greater-than-expected decline in annual sales due to tepid demand

NWL anticipates loss between 6 cents and 9 cents per share in Q1 vs estimates of profit of 3 cents per share - LSEG-compiled data

Expects Q1 net sales to be down 5% to 8% vs estimates of a drop of 3.4%

Forecasts FY25 net sales to decline in the range of 2% to 4% vs analysts' estimates of 0.7% decline

NWL rose about 15% in 2024