Welcome to our dedicated page for Reynolds Consumer Products news (Ticker: REYN), a resource for investors and traders seeking the latest updates and insights on Reynolds Consumer Products stock.
Reynolds Consumer Products Inc. reports recurring developments tied to its Nasdaq-listed household products business, including earnings releases, retail volume trends, operational efficiency programs, commodity and macroeconomic conditions, and quarterly cash dividend declarations. The company sells cooking, serving, clean-up, and storage products under brands such as Reynolds, Reynolds Wrap, Reynolds Kitchens, and Hefty, along with store brand products for retail partners.
Company news also covers product innovation across aluminum foil, parchment, prep paper, cooking bags, tableware, waste, and storage categories. Updates frequently include new branded product introductions, consumer product recognition, segment reporting changes, and management commentary on cost reduction, pricing, productivity, and investments in the business.
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Reynolds Consumer Products Inc. (NASDAQ: REYN) announced it will release its first quarter 2023 financial results on May 10, 2023, before the market opens.
The earnings call is scheduled for 7:00 a.m. CT (8:00 a.m. ET) the same day. To participate, U.S. callers can dial (877) 423-9813, while international participants should use +1 (201) 689-8573. A live webcast and related material will be available on the company’s investor website.
Reynolds delivers household products across cooking, waste and storage, and disposable tableware categories, with a significant presence in American households, manufacturing renowned brands such as Reynolds Wrap® and Hefty®.
Reynolds Consumer Products is spicing up Easter with its new Hot Hams recipes, following insights from a recent Instacart survey that found 74% of Americans enjoy hot sauce. This year, they introduce three spicy ham recipes: Hot Honey Ham, Buffalo Ham, and Habanero Chipotle Ham, each featuring unique flavors and preparation tips utilizing Reynolds Wrap® Heavy Duty Foil. For details, visit Reynoldsbrands.com.
Reynolds Consumer Products reported record net revenues of $3,817 million for FY 2022, a 7% increase year-over-year, despite a 20% drop in net income to $258 million. The fourth-quarter earnings showed net revenues of $1,089 million, up 7% year-over-year, with Earnings Per Share at $0.51. However, the Reynolds Cooking & Baking segment faced operational challenges, reporting a 49% decrease in Adjusted EBITDA. The company has launched a comprehensive recovery plan for this segment and anticipates a return to pre-pandemic profitability by the end of 2023. A quarterly dividend of $0.23 is set for payment on February 28, 2023.
Reynolds Consumer Products Inc. (REYN) announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on January 26, 2023. Shareholders on record by February 14, 2023 will receive the cash dividend on February 28, 2023. The company, known for brands like Reynolds Wrap® and Hefty®, holds a dominant market position in the household products sector, reaching 95% of U.S. households.