August 6, 2018 / 10:44 AM / 4 months ago

Newell Brands quarterly sales fall 13 pct

Aug 6 (Reuters) - Newell Brands Inc’s quarterly sales fell 13 percent on Monday due to cut backs in inventory by retailers for its writing products and as the bankruptcy of Babies R Us weighed on sales of its baby products.

Net income fell to $131.7 million, or 27 cents per share, in the second-quarter ended June 30, from $223 million, or 46 cents per share, a year earlier.

Net sales fell about 13 percent to $2.20 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

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