Key Takeaways Newell targets $220-$250M in annual savings by 2025 under its Project Phoenix restructuring.Q2 sales fell, but the adjusted gross margin improved 110 bps on cost control and restructuring.Management sees 2H25 core sales improving with fresher assortments and better execution.Newell Brands Inc. (NWL) is banking heavily on its multi-year restructuring plan, Project Phoenix, to stabilize its operations and rebuild profitability. The initiative is designed to simplify organizational structures, st ...