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Nov. 24, 2020, 11:58 a.m. EST

Newell's Sunbeam recalls over 900,000 Crock-Pot multi-cookers due to burn hazard

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By Tomi Kilgore

Newell Brands Inc.'s /zigman2/quotes/209507510/composite NWL +2.46% Sunbeam Products Inc. on Tuesday recalled its Crock-Pot 6-Quart Express Crock multi-cooker because of a burn hazard. The recall involves 914,430 products sold in the U.S., and about 28,330 sold in Canada, at Walmart Inc. /zigman2/quotes/207374728/composite WMT -0.64% and Target Corp. /zigman2/quotes/207799045/composite TGT -0.64% stores, and at Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.49% and other online retailers, from July 2017 through November 2020 for prices ranging from $70 to $100. The recalled Crock-Pots, which were made in China, can pressurize when the lid is not fully locked, which can cause the lid to suddenly detach while the product is in use, posing a burn risk from the foods and liquids ejected from the product, according to the Consumer Product Safety Commission . Sunbeam said it has received 119 reports of lid detachments, resulting in 99 burn injuries ranging from first-degree to third-degree burns. Newell's stock, which rose 4.8% in midday trading Tuesday, has rallied 30.8% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.31% has gained 6.0%.

/zigman2/quotes/209507510/composite
US : U.S.: Nasdaq
$ 25.41
+0.61 +2.46%
Volume: 1.21M
Jan. 25, 2021 11:46a
P/E Ratio
N/A
Dividend Yield
3.66%
Market Cap
$10.52 billion
Rev. per Employee
$323,830
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 145.40
-0.93 -0.64%
Volume: 3.13M
Jan. 25, 2021 11:46a
P/E Ratio
20.93
Dividend Yield
1.49%
Market Cap
$414.01 billion
Rev. per Employee
$238,165
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/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 190.69
-1.22 -0.64%
Volume: 1.18M
Jan. 25, 2021 11:46a
P/E Ratio
25.18
Dividend Yield
1.43%
Market Cap
$96.10 billion
Rev. per Employee
$212,261
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,276.23
-16.01 -0.49%
Volume: 1.96M
Jan. 25, 2021 11:46a
P/E Ratio
95.82
Dividend Yield
N/A
Market Cap
$1651.88 billion
Rev. per Employee
$351,531
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/zigman2/quotes/210599714/realtime
US : S&P US
3,829.42
-12.05 -0.31%
Volume: 1.20B
Jan. 25, 2021 11:46a
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