Question · Q3 2025
Rob Ottstein with Evercore ISI inquired about Reynolds Consumer Products' outlook for the upcoming holiday season, focusing on promotional intensity, evolving consumer behavior amidst affordability concerns, and the company's strategy to address diverse consumer segments. He also asked for clarification on the flagged risk of retailers potentially shifting store brand business to other suppliers.
Answer
President and CEO Scott Huckins explained that promotional intensity in waste and food bags is in line with pre-pandemic levels, with strong performance in Hefty Waste Bags (+9% YTD retail takeaways) and Presto food bags (+9% volume growth). He noted that consumers remain challenged by inflation and declining sentiment, and Reynolds Consumer Products addresses this with a 'barbell' strategy, serving both brand-loyal and value-oriented consumers. Huckins clarified that the risk of retailers shifting store brand business is due to increased bid activity in a challenging economic environment, but as a US-centric manufacturer, Reynolds expects to be competitive.