Reynolds Consumer Products Q2: Earnings Beat, Higher Pricing, Unchanged Volume & More
Portfolio Pulse from Shivani Kumaresan
Reynolds Consumer Products Inc (NASDAQ:REYN) reported Q2 FY23 sales growth of 3% YoY to $940 million, beating the analyst consensus. Adjusted EPS of $0.32 beat the analyst consensus of $0.28. The company's Board of Directors approved a quarterly dividend of $0.23 per share. The company revised the FY23 EPS outlook from $1.30 - $1.41 to $1.34 - $1.41. REYN shares are trading higher by 4.23% at $28.97.
August 09, 2023 | 5:24 pm
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Reynolds Consumer Products reported better than expected Q2 FY23 results, approved a quarterly dividend, and revised its FY23 EPS outlook upwards. This has led to a positive reaction in the stock price.
Reynolds Consumer Products reported strong Q2 results, beating both sales and EPS estimates. The company also approved a quarterly dividend and revised its FY23 EPS outlook upwards. These factors are likely to have contributed to the positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100