Reynolds Consumer Posts Strong Q1, Reaffirms 2026 Outlook as $200 Million Cost Shock Looms

Overview

• Reynolds Consumer reported first‑quarter net revenue of $877 million, up 7%, with Adjusted EBITDA of $131 million and retail volumes up about 2%.
• The company kept its 2026 guidance calling for net sales between down 3% and up 1% and Adjusted EBITDA of $660 million to $675 million.
• Leaders warned of an annualized cost hit of about $200 million from higher aluminum and resin and said pricing, productivity, and cost cuts will offset it, with price moves expected to begin early in the third quarter.
• Management said its January 1 operating‑segment realignment is driving better commercial focus, category share gains, and momentum in core kitchen products.
• Competitive pressures included private‑label contract losses that posed roughly a three‑point Q1 headwind and unusually deep April promotions by rivals that executives said may reflect preplanned calendars.