Reynolds Consumer Products Inc. - Common Stock (REYN)
26.77
-1.04 (-3.74%)
Reynolds Consumer Products Inc is a leading manufacturer and marketer of a variety of consumer products, primarily focused on the kitchen and household categories
The company is well-known for its popular brands that include items such as aluminum foil, plastic wrap, and various disposable tableware and food storage solutions. By combining innovation with sustainability, Reynolds Consumer Products aims to provide consumers with convenient, high-quality products that enhance everyday living while also being mindful of environmental impact. Their commitment to quality and reliability has made them a trusted name in homes across the nation.
Household products company Reynolds (NASDAQREYN) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 1.4% year on year to $1.02 billion. Its non-GAAP profit of $0.65 per share was 12.5% above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how household products stocks fared in Q3, starting with Reynolds (NASDAQREYN).
Household products company Reynolds (NASDAQREYN) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 4.6% year on year to $892 million. Next quarter’s revenue guidance of $965 million underwhelmed, coming in 1.2% below analysts’ estimates. Its non-GAAP profit of $0.37 per share was also 11.2% below analysts’ consensus estimates.
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