Reynolds Consumer Products Reports Improved Q2 Earnings Amid Commodity Cost Pressures
Reynolds Consumer Products (NASDAQ:REYN) reported improved financial performance for its second quarter, with adjusted earnings per share rising by 7% to $0.42 and first-half revenue increasing by 4% to $1.8 billion. The company attributed this growth to productivity gains, pricing actions, and stable market share despite higher commodity costs. Management raised the estimated annualized commodity headwind from $200 million to approximately $400 million but also announced additional price increases for foil and resin-based products. Reynolds expects supply-chain improvements will help offset inflationary pressures and demand impacts related to pricing adjustments. The company revised its full-year revenue outlook upward, now expecting 1% to 3% growth in 2026 compared to a previous forecast of a 1% decline. Adjusted EPS guidance remains unchanged at $1.57 to $1.63 and adjusted EBITDA is expected between $660 million and $675 million.
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