🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Unpacking Q1 Earnings: Reynolds (NASDAQ:REYN) In The Context Of Other Household Products Stocks

Published 2024-07-08, 03:50 a/m
KMB
-
CLX
-

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how household products stocks fared in Q1, starting with Reynolds (NASDAQ:REYN).

Household products stocks are generally stable investments, as many of the industry's products are essential for a comfortable and functional living space. Recently, there's been a growing emphasis on eco-friendly and sustainable offerings, reflecting the evolving consumer preferences for environmentally conscious options. These trends can be double-edged swords that benefit companies who innovate quickly to take advantage of them and hurt companies that don't invest enough to meet consumers where they want to be with regards to trends.

The 10 household products stocks we track reported a solid Q1; on average, revenues were in line with analyst consensus estimates. while next quarter's revenue guidance was in line with consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and while some of the household products stocks have fared somewhat better than others, they collectively declined, with share prices falling 1.9% on average since the previous earnings results.

Reynolds (NASDAQ:REYN) Best known for its aluminum foil, Reynolds (NASDAQ:REYN) is a household products company whose products focus on food storage, cooking, and waste.

Reynolds reported revenues of $833 million, down 4.7% year on year, topping analysts' expectations by 2.2%. It was a strong quarter for the company, with optimistic earnings guidance for the next quarter and an impressive beat of analysts' organic revenue growth estimates.

Reynolds pulled off the biggest analyst estimates beat but had the weakest full-year guidance update of the whole group. The stock is down 3.2% since the results and currently trades at $27.5.

Is now the time to buy Reynolds? Find out by reading the original article on StockStory, it's free.

Best Q1: Spectrum Brands (NYSE:SPB) A leader in multiple consumer product categories, Spectrum Brands (NYSE:SPB) is a diversified company with a portfolio of trusted brands spanning home appliances, garden care, personal care, and pet care.

Spectrum Brands reported revenues of $718.5 million, down 1.5% year on year, outperforming analysts' expectations by 1.5%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings and organic revenue growth estimates.

The stock is down 0.7% since the results and currently trades at $83.93.

Weakest Q1: Energizer (NYSE:ENR) Masterminds behind the viral Energizer Bunny mascot, Energizer (NYSE:ENR) is one of the world's largest manufacturers of batteries.

Energizer reported revenues of $663.3 million, down 3% year on year, falling short of analysts' expectations by 0.1%. It was a weaker quarter for the company, with a miss of analysts' organic revenue growth estimates.

The stock is down 0.4% since the results and currently trades at $29.34.

Kimberly-Clark (NYSE:KMB) Originally founded as a Wisconsin paper mill in 1872, Kimberly-Clark (NYSE:KMB) is now a household products powerhouse known for personal care and tissue products.

Kimberly-Clark reported revenues of $5.15 billion, down 0.9% year on year, surpassing analysts' expectations by 1.2%. It was a very good quarter for the company, with an impressive beat of analysts' organic revenue growth estimates.

The stock is up 7.3% since the results and currently trades at $138.29.

Clorox (NYSE:NYSE:CLX) Founded in 1913 with bleach as the sole product offering, Clorox (NYSE:CLX) today is a consumer products giant whose product portfolio spans everything from bleach to skincare to salad dressing to kitty litter.

Clorox reported revenues of $1.81 billion, down 5.3% year on year, falling short of analysts' expectations by 3%. It was a mixed quarter for the company, with a miss of analysts' organic revenue growth estimates.

Clorox had the weakest performance against analyst estimates and slowest revenue growth among its peers. The stock is down 9.9% since the results and currently trades at $133.22.

This content was originally published on Stock Story

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.