Newell Slides on Q4 Results

Newell Brands (NASDAQ: NWL) stock prices decrease Friday, on announcing its fourth-quarter and full year 2022 financial results.Q4 Net sales were $2.3 billion, a decline of 18.5% compared with the prior year period, including the year over year impact from the sale of the Connected Home & Security (CH&S) business at the end of the first quarter 2022.Reported operating loss was $273 million compared with operating income of $170 million in the prior year period. Non-cash impairment charges of $326 million and $60 million were incurred in the current and prior year periods, respectively, related…