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. (Nasdaq: REYN) generates a steady flow of news tied to its role in household essentials, including cooking, cleanup, food storage and disposable tableware. As the company behind brands such as Reynolds Wrap aluminum foil and Hefty trash bags and tableware, along with store brand offerings, its announcements reflect both consumer-facing product activity and financial performance.
News for REYN often includes quarterly and year-to-date financial results, where the company reports net revenues, net income, adjusted net income and adjusted EBITDA, along with segment performance for Reynolds Cooking and Baking, Hefty Waste and Storage, Hefty Tableware and Presto Products. These releases also discuss retail and non-retail revenue trends, volume changes, pricing actions and cost dynamics.
Investors can also expect corporate and capital allocation updates, such as declarations of regular quarterly cash dividends and commentary on net debt and leverage. Current reports on Form 8-K highlight the release of earnings information and other material events, including board changes.
From a consumer and brand perspective, Reynolds Consumer Products issues news about product initiatives and seasonal offerings. For example, the company has announced special edition embossed Reynolds Wrap Fun Foil with holiday patterns, designed to enhance homemade food gifting and gatherings, and has described collaborations with designers to create festive patterns.
Reynolds Consumer Products also appears in index and conference announcements, such as its addition to the S&P SmallCap 600 index in the Consumer Staples sector and participation in investor conferences. For ongoing coverage of REYN news, this page aggregates earnings releases, dividend declarations, product news and corporate updates in one place.
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.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its financial results for Q4 and the full year ending December 31, 2022, on February 8, 2023, prior to market opening. The company will conduct a conference call at 7:00 a.m. CT (8:00 a.m. ET) to discuss the results. A webcast of the call and related earnings materials will be accessible on the company's investor website. Reynolds Consumer Products is recognized for its household products, including Reynolds Wrap® aluminum foil and Hefty® trash bags, holding leading market positions in most of its categories.
Reynolds Wrap® has launched three innovative turkey recipes for Thanksgiving, inspired by the year's trending food fads. These creative recipes include the It's Corn! Turkey, Turkey Board, and Pasta Chip Turkey, all designed to captivate audiences both at the dinner table and on social media. The brand emphasizes the ease of preparation and cleanup with its Heavy Duty Foil. This initiative showcases Reynolds Wrap's commitment to enhancing mealtime experiences while maintaining its legacy as a staple kitchen product for 75 years.
Reynolds Consumer Products reported third quarter 2022 results showing a 7% increase in net revenues to $967 million. However, net income fell 27% to $48 million, and Adjusted EBITDA decreased by 12% to $116 million. The company cited pricing increases that offset lower volume due to declining non-retail sales. Despite operational challenges, Reynolds gained market share in multiple categories, driven by strategic pricing and innovations. The outlook for fiscal year 2022 anticipates 8% revenue growth but expects mid single-digit volume declines.
Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on October 27, 2022. This dividend is set to be paid on November 30, 2022 to shareholders on record as of November 16, 2022.
With a mission to simplify daily life, Reynolds is a leading consumer products company with a presence in 95% of U.S. households. The company holds a #1 or #2 U.S. market share in most product categories it participates in.
Reynolds Consumer Products Inc. (Nasdaq: REYN) will announce its Q3 2022 results on November 8, 2022, before market opening. A conference call will occur at 7:00 a.m. Central Time, where investors can participate by calling 877-423-9813 (U.S.) or 201-689-8573 (internationally). The results will also be available through a live webcast on the Company’s website. RCP, known for brands like Reynolds and Hefty, maintains a leading market share in many product categories across the U.S.
Reynolds Consumer Products Inc. (Nasdaq: REYN) has reaffirmed its earnings guidance for the third quarter and fiscal year ending December 31, 2022. However, it has adjusted its net revenue growth outlook for Q3 to the lower end of its range, estimating an increase of 8% to 12% on $905 million in the previous year. This adjustment is attributed to declines in third party non-retail sales volumes and impacts from market re-openings on its waste and food bag categories. Management will present at the Barclays Global Consumer Staples Conference today.
Reynolds Consumer Products Inc. (NASDAQ: REYN) announced a fireside chat at the Barclays Global Consumer Staples Conference in Boston on September 8, 2022, at 7:30 a.m. ET. The event will be webcast live and archived for later access on the Company's Investor Relations website. Reynolds, a leading consumer products company, aims to simplify daily life for consumers and has a presence in 95% of U.S. households, offering products across cooking, waste, storage, and tableware categories under well-known brands like Reynolds and Hefty.