Newell Brands Inc (NWL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,353,000	2,834,000	3,363,000	3,084,000	3,219,000
Revenue	US$ in thousands	7,824,000	9,305,000	10,336,000	9,059,000	9,688,100
Gross profit margin		30.07%	30.46%	32.54%	34.04%	33.23%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,353,000K ÷ $7,824,000K
= 30.07%

The gross profit margin of Newell Brands Inc has shown a gradual decline over the past five years. In 2019, the company achieved a gross profit margin of 33.14%, which then decreased to 32.81% in 2020, further dropping to 31.13% in 2021, and 29.96% in 2022. The most recent data as of Dec 31, 2023, indicates a gross profit margin of 28.93%. This trend suggests a declining trend in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. This may be a cause for concern as it indicates potential challenges in managing production costs, pricing strategies, or competitive pressures impacting the company's profitability. Further analysis and investigation into the factors influencing the gross profit margin would be necessary to understand the underlying reasons for this trend and to formulate appropriate strategies for improvement.