Reynolds Consumer Products Keeps Quarterly Dividend at $0.23 a Share, Payable Feb. 28 to Holders of Record Feb. 14

Reynolds Consumer Products Declares Regular Quarterly Cash Dividend

LAKE FOREST, Ill.--(BUSINESS WIRE)--January 30, 2025--

Reynolds Consumer Products Inc. announced today that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend is payable February 28, 2025, to shareholders of record on February 14, 2025.

About Reynolds Consumer Products Inc.

Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap(R) aluminum foil and Hefty(R) tableware and trash bags, as well as dedicated store brands which are strategically important to retail customers. Overall, Reynolds Consumer Products holds the No. 1 or No. 2 U.S. market share position in the majority of product categories it serves. For more information, visit https://investors.reynoldsconsumerproducts.com/.

REYN-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130051503/en/

CONTACT: Investor Contact

Mark Swartzberg

Mark.Swartzberg@reynoldsbrands.com

(847) 482-4081

Comcast CMCSA reported fourth-quarter 2024 adjusted earnings of 96 cents per share, which beat the Zacks Consensus Estimate by 9.1% and increased 14.3% year over year.

Consolidated revenues increased 2.1% year over year to $31.9 billion and beat the Zacks Consensus Estimate by 0.9%.

Comcast shares were down more than 2% in premarket trading. In the past year, shares of CMCSA have lost 19.7% against the Zacks Consumer Discretionary sector’s appreciation of 14.9%.

Comcast Corporation Price, Consensus and EPS Surprise

Comcast Corporation price-consensus-eps-surprise-chart | Comcast Corporation Quote

Find the latest earnings estimates and surprises on Zacks Earnings Calendar.

CMCSA’s Quarter Details

Connectivity & Platforms revenues (64.1% of revenues) inched up 0.2% year over year to $20.46 billion in the reported quarter.

Under the segment, Residential Connectivity & Platforms revenues decreased 0.2% year over year at $18.01 billion. Business Services Connectivity revenues increased 3.7% year over year to $2.44 billion.

Total Customer Relationships for Connectivity & Platforms decreased 58,000 to 51.6 million, primarily reflecting a decline in domestic customer relationships, partially offset by an increase in international customer relationships.

Total domestic broadband customer net losses were 139K, including the modest negative impact associated with Hurricanes Milton and Helene. Moreover, it lost 311K video customers. Domestic wireless customer lines increased 307K.

Content & Experiences revenues (37.8% of revenues) increased 5% year over year to $12.07 billion.

Under the segment, Media revenues rose 3.5% year over year to $8.22 billion, primarily due to higher domestic distribution revenues, driven by higher revenues at Peacock.

Peacock’s paid subscribers increased 16.1% year over year to 36 million. Peacock’s revenues in the fourth quarter jumped 28% to $1.3 billion.

NBC Sports delivered its most-watched year since 2016, highlighted by the company’s innovative broadcast of the Paris Olympics and Peacock's first-ever exclusive live-streamed NFL Playoff Game.

Studios increased 6.7% year over year to $3.26 billion due to higher theatrical revenues driven by strong performances from Wicked and The Wild Robot.

Theme Parks revenues inched up 0.1% year over year to $2.37 billion, which remained flat year over year due to lower revenues at domestic theme parks, driven by lower guest attendance, offset by higher revenues at international theme parks.

CMCSA's Operating Details

Costs and expenses in the fourth quarter of 2024 increased 0.6% year over year to $26.92 billion.

Programming & production costs decreased 2.2% from the year-ago quarter to $10.02 billion. Marketing and promotional expenses increased 5% year over year to $2.14 billion.

Adjusted EBITDA increased 9.9% from the year-ago quarter to $8.8 billion.

Total Connectivity & Platforms adjusted EBITDA rose 3.5% year over year to $7.84 billion.

Content & Experiences adjusted EBITDA was $1.49 billion, up 60% year over year.

CMCSA's Cash Flow & Liquidity Remain Strong

As of Dec. 31, 2024, cash and cash equivalents were $7.32 billion, which decreased from $8.81 billion as of Sept. 30, 2024.

As of Dec. 31, 2024, consolidated total debt was $99.09 billion compared with $101.64 billion as of Sept. 30, 2024.

In the fourth quarter of 2024, Comcast generated $8.08 billion in cash from operations, which increased from $7 billion reported in the previous quarter. Free cash flow was $3.26 billion in the reported quarter, which decreased from $3.4 billion reported in the previous quarter.

Comcast announced that it increased its dividend by 8 cents, or 6.5% year over year, to $1.32 per share on an annualized basis for 2025. In accordance with the increase, the board of directors declared a quarterly cash dividend of 33 cents per share on the company's stock, payable on April 23, 2025, to shareholders of record as of the close of business on April 2, 2025. The board of directors also approved a new share repurchase program authorization, effective as of Jan. 31, 2025, of $15 billion, which does not have an expiration date.

Zacks Rank & Stocks to Consider

Currently, Comcast carries a Zacks Rank #3 (Hold).

Reynolds Consumer Products REYN, Wyndham Hotels & Resorts WH and Sony SONY are some better-ranked stocks that investors can consider in the broader sector. Each of the three stocks carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Reynolds Consumer Products have gained 0.4% year to date. REYN is set to report fourth-quarter 2024 results on Feb. 5.

Shares of Wyndham Hotels & Resorts have surged 33.9% year to date. WH is slated to report fourth-quarter 2024 results on Feb. 12.

Shares of Sony have appreciated 13.2% year to date. SONY is set to report fourth-quarter 2024 results on Feb. 13.

Zacks Investment Research

Monro, Inc. MNRO posted third-quarter of fiscal 2025 results, wherein both top and bottom lines missed the Zacks Consensus Estimate. Both net sales and earnings experienced year-over-year declines. The company saw a sequential improvement in comparable store sales in the fiscal third quarter.

Monro’s Quarterly Performance: Key Metrics & Insights

Monro posted adjusted earnings of 19 cents per share, which missed the Zacks Consensus Estimate of 28 cents. Also, the bottom line slumped 51% from 39 cents reported in the prior-year quarter. The Christmas holiday shift, which reduced the number of selling days, negatively impacted adjusted earnings per share by 5 cents.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Monro Muffler Brake, Inc. Price, Consensus and EPS Surprise

Monro Muffler Brake, Inc. price-consensus-eps-surprise-chart | Monro Muffler Brake, Inc. Quote

Net sales of $305.8 million declined 3.7% year over year, due to a 1.9% drop in comparable store sales (unadjusted for days). The figure missed the Zacks Consensus Estimate of $310 million.

Comparable store sales declined 0.8% (adjusted for days), marking a 500-basis point (bps) improvement from the 5.8% decrease in the second quarter of fiscal 2025. The company observed a 30% increase in comparable store sales for batteries, 13% for alignments and 6% for front end/shocks. Conversely, there was a 1% decrease in comparable store sales for tires, 2% for maintenance services and 6% for brakes.

The gross profit of $104.8 million decreased from $112.7 million in the year-ago period. The gross margin contracted 120 bps to 34.3%, due to higher material costs from changes in the tire mix and increased self-funded promotions aimed at attracting value-oriented customers. This was partially offset by lower technician-labor costs as a percentage of sales.

Total operating expenses of $94.8 million increased from $91.3 million in the prior year quarter. As a percentage of net sales, the figure increased 230 bps year over year to 31%. The dollar increase was primarily caused by higher store direct and departmental costs to support the company’s stores.

Monro reported an operating income of $10 million compared with $21.4 million in the year-ago quarter. The operating margin contracted 340 bps to 3.3%.

Monro closed nine stores, bringing the total to 1,263 company-operated locations and 48 franchised stores by the end of the quarter.

Monro’s Financial Health Snapshot

For the first nine months of fiscal 2025, net cash provided by operating activities was $103 million and capital expenditures were $20.7 million. The company expects to generate at least $120 million in operating cash flow, inclusive of continued working capital reduction in fiscal 2025. Capital expenditures for fiscal 2025 are anticipated to range from $25 million to $30 million.

As of Dec. 28, 2024, Monro had a total liquidity of $521 million.

This Zacks Rank #4 (Sell) stock has lost 25.6% in the past three months against the industry growth of 5%.

Stocks to Consider

The Honest Company, Inc. HNST manufactures and sells diapers and wipes, skin and personal care, and household and wellness products, sporting a Zacks Rank of 1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for The Honest Company’s current-financial year sales and earnings indicates advancements of 8.9% and 82.9%, respectively, from the prior-year figures. HNST delivered a trailing four-quarter earnings surprise of 80%, on average.

Interparfums, Inc. IPAR manufactures, markets and distributes a range of fragrances and fragrance-related products in the United States and internationally. IPAR currently has a Zacks Rank of 2 (Buy). It delivered an earnings surprise of 5.5% in the last reported quarter.

The Zacks Consensus Estimate for Interparfums’ current-financial year sales and earnings indicates advancements of 10.2% and 8.2%, respectively, from the prior-year figures.

Reynolds Consumer Products Inc. REYN produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It currently carries a Zacks Rank #2. REYN delivered a trailing four-quarter average earnings surprise of 2.9%.

The Zacks Consensus Estimate for Reynolds Consumer Products’ current-fiscal year earnings indicates growth of 19% from the year-ago actuals.

Zacks Investment Research

Reynolds Consumer Products to Report Fourth Quarter and Full Year 2024 Financial Results on February 5, 2025

LAKE FOREST, Ill.--(BUSINESS WIRE)--January 22, 2025--

Reynolds Consumer Products Inc. (the "Company") announced it will report fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025.

The Company's President and Chief Executive Officer, Scott Huckins, and Chief Financial Officer, Nathan Lowe, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.reynoldsconsumerproducts.com/.

About Reynolds Consumer Products Inc.

Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, Reynolds Consumer Products manufactures and sells products that people use in their homes for cooking, serving, cleanup and storage. Iconic brands include Reynolds Wrap(R) aluminum foil and Hefty(R) trash bags and disposable tableware, as well as dedicated store brands which are strategically important to retail customers. Overall, Reynolds Consumer Products holds the No. 1 or No. 2 U.S. market share position in majority of product categories it serves. For more information, visit https://investors.reynoldsconsumerproducts.com/.

REYN-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20250122690244/en/

CONTACT: Investor Contact:

Mark Swartzberg

Mark.Swartzberg@reynoldsbrands.com

(847) 482-4081