Category Outperformance
Reynolds Consumer Products outperformed its categories by 2 points at retail, capturing share in household foil, waste bags, food bags, and non-foam disposable tableware without an increase in promotional spend compared to the previous year.
Innovation and Product Launches
Notable product introductions include Hefty Press to Close food bags, new scents for Hefty Fabuloso waste bags, Hefty Compostable cutlery, and Reynolds Kitchen Air Fryer cups.
Strong Balance Sheet and Strategic Investments
The company employed its strong balance sheet to invest in high-return growth and margin expansion programs, focusing on growth, margin expansion, and a more stable earnings growth model.
Successful Term Loan Refinancing
Reynolds successfully refinanced its term loan facility in March, extending the maturity of its debt and enhancing financial flexibility.