Newell Brands plans 900 job cuts, 20 store closures; Q4 sales near low end of guidance
Newell Brands approved a global productivity plan that will reduce professional and clerical headcount by about 10%, or roughly 900 employees, and close about 20 Yankee Candle stores in the U.S. and Canada. The company expects $75 million to $90 million in restructuring charges and $110 million to $130 million in annualized pre-tax savings once the plan is fully implemented, while it now expects fourth-quarter net and core sales toward the lower end of its guidance range.
Key points
- About 900 positions cut, roughly 10% of professional and clerical staff, with U.S. separations largely concluded by end of 2025
- About 20 Yankee Candle stores in the U.S. and Canada to close in January 2026, representing roughly 1% of brand sales
- Expected pre-tax restructuring charges of $75 million to $90 million, mostly cash, with most recognized by end of 2026
- Expected annualized pre-tax savings of $110 million to $130 million; guidance for Q4 normalized operating margin, normalized EPS and operating cash flow affirmed
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 01, 2025.
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