Rubbermaid parent Newell Brands stock falls 3% after company unveils restructuring plan

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Shares of Newell Brands Inc. dropped more than 3% in the extended session Friday after the consumer products company behind brands such as Rubbermaid and...

Shares of Newell Brands Inc. NWL dropped more than 3% in the extended session Friday after the consumer products company behind brands such as Rubbermaid and Elmer glue said it was embarking on a restructuring and savings plan intended to “streamline” its North American distribution network. The goal is to improve the company’s cost structure, Newell Brands said.

NWL dropped more than 3% in the extended session Friday after the consumer products company behind brands such as Rubbermaid and Elmer glue said it was embarking on a restructuring and savings plan intended to “streamline” its North American distribution network. The goal is to improve the company’s cost structure, Newell Brands said.

 

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