Reynolds Consumer Products Inc.: Initiation Of Coverage – Can It Successfully Restore Profitability in Disposable Tableware & Other Key Business Areas?

Reynolds Consumer Products Inc. reported a generally positive second-quarter earnings for 2024, characterized
by a mixture of achievements against a backdrop of minor challenges reflective of wider economic strains. The
company reported a 1% increase in retail revenue, achieving $892 million for the quarter, which was above
expectations and marks a modest growth against the broader economic tides affecting consumer spending and
retail habits. Reynolds continues to expand its product line with sustainable initiatives and innovative products designed to cater to evolving consumer preferences, particularly among Gen Z and Millennial demographics.