Newell Brands is a consumer goods company that owns and sells a large portfolio of branded household, commercial, and outdoor products. Core brands include Sharpie, Paper Mate, and EXPO (writing instruments), Graco and NUK (baby gear), Crockpot, Mr. Coffee, and Oster (kitchen appliances), Rubbermaid and FoodSaver (food and home storage), Yankee Candle and WoodWick (home fragrance), and Coleman and Marmot (outdoor equipment). Newell sells primarily through mass merchants, warehouse clubs, and e-commerce retailers, with Amazon (~17% of sales) and Walmart (~13%) as its two largest customers. Newell earns a margin over manufacturing and sourcing costs, with profitability driven by unit volume, pricing, mix, and productivity programs. More than half of U.S. sales come from domestic and USMCA-compliant plants, which provides cost and tariff advantages over rivals who source from China. The company operates three segments: Learning and Development (~35% of revenue), Home and Commercial Solutions (~50%), and Outdoor and Recreation (~10%). Since mid-2023, Newell has been executing a turnaround under CEO Chris Peterson, focused on rebuilding brand management capabilities and an innovation pipeline, expanding gross margins, and reducing debt. Newell has cut its brand count from ~80 to ~50 and SKUs from over 100,000 to under 20,000. Leverage remains elevated at ~5x, constraining capital allocation to debt reduction and reinvestment, with no dividends or buybacks.