Reynolds Consumer Products Shares Climb 18.4% in Three Months

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Reynolds Consumer Products Inc. shares have climbed 18.4% in the past three months, outpacing the Zacks sub-industry's 16.3% gain and the S&P 500's 2.7% rise. Second-quarter 2026 revenues rose 0.6% year over year to $944 million, while adjusted earnings increased 7.7% to 42 cents per share, both topping the Zacks Consensus Estimate. Pricing and manufacturing productivity drove the improvement, with Reynolds Cooking & Kitchen Essentials segment revenues up 6.4% to $314 million and Hefty Home & Tableware adjusted EBITDA up 22.9% to $43 million despite a 10.3% revenue decline. The company raised its 2026 net revenue outlook to growth of 1-3% but kept adjusted earnings guidance at $1.57-$1.63 per share and adjusted EBITDA guidance at $660-$675 million, while management now expects roughly $400 million in annualized commodity headwinds, double the amount cited in April.

Impact on stocks 3

Consumer Staples · 3 stocks