Reynolds Consumer Products’ Post

We are happy to share our interim financial results for Jan-June 2023. 📈💰   The main highlights are: 📊 Turnover of €22.5M, up by 16% compared to last year, driven by post-Covid sales recovery, supplier mix enhancement, and smart cost management. 💼 Operating profit hit €1.6M, a remarkable 0.9% rise, showcasing the group's dedication to growth and efficiency. 📈 Profit before tax rose by 57% to €1.4M, highlighting robust financial performance. 🏦 Total assets reached €36.5M, underscoring a strong financial foundation and commitment to stakeholders. 💎 The group's dedication to elevating customer experience and internal processes continues, with plans to expand the franchise network and invest €1.8M in advanced equipment for outlets. 💰 Net interim dividend of €462K declared, marking 54% increase over last year's dividend. 💸   For more details, check out Half-Yearly-Report-2023.pdf (theconvenienceshop.com).   #TheConvenienceShop #Growth #RetailSuccess  

How much longer can consumer packaged goods (CPG) companies continue to drive higher profits through higher prices? The recent quarterly results of spice maker McCormick seem to show that the trend is still going strong, but the aggregate view masks some underlying trends. Overall, McCormick’s price increases continue to drive higher gross margins, but performance varies by segment and category. In their analyst call, the McCormick executive team emphasized the company will “continue to take a surgical approach to managing our price gaps to private label and branded competitors.” The company also anticipates a “return to differentiated and sustainable volume-led growth.” #Pricing #CPG #Inflation #revenuemanagement

A frequently asked question recently has been "What does 'good' look like for a Consumer Duty Board report"? Whilst there's no single answer, this short briefer summarises key pillars that are expected, questions that stakeholders should be asking to assess whether it's good enough, and actions and recommendations to take. It also highlights why effort spent preparing and getting it right should pay dividends for the future; take a look!...

🔍 Wondering what the perfect P&L looks like in your industry? Presenting: Profits in Focus 🔦 In our new quarterly report, we collaborated with Iris Finance to analyse $2.5B of Gross Merchandise Value across 9 consumer sectors. Dive into our detailed insights to boost your profitability! Get the best-in-class P&Ls, actionable insights, and strategies to maximize your bottom line. Access the full report for FREE here: https://lnkd.in/ge_r9JsD

Proud to share the standout moments from our Q1 earnings, reflecting our relentless drive for innovation. Dive into the details of our financial performance this quarter 👉https://lci.ink/4baukjW . . . #Q1Earnings #Innovation #FinancialPerformance #EarningsReport #BusinessGrowth #IndustryLeadership

Learn or refresh your ability to read an income statement with this short video. This is an important skill that can help you evaluate companies as an investor, a business owner, a senior manager, or a business learner. The best news is that you don't need to be a financial analyst to understand the basics of an income statement and make sense of it. The video reviews the fundamentals of an income statement, followed by an example of company analysis using Walmart's financial results. ❤️

J.Jill credits ‘disciplined operating model’ for ‘healthy’ Q4, FY23 J. Jill has hailed its "disciplined operating model" after its fourth quarter and full year sales performance beat expectations. J. Jill #operatingmodel #financials #JSDaily

Our H1 FY24 interim results were announced earlier today. Key Highlights: - Record H1 Group revenue of €3.2bn, up 13.8% year-on-year - Group gross margin up 310 basis points (“bps”) to 43.1%, driven by Pepco - Record underlying Group EBITDA (IFRS16) of €487m up 28.2% - Strong operating cash flow of €182m, an increase of €99m over the last year - 289 net new stores opened in H1, of which 86 in Q2 - Group expects to deliver underlying full year FY24 EBITDA (IFRS 16) of around €900m (FY23: €753m)   Andy Bond, Executive Chair of Pepco Group, said: “Looking ahead, while consumer sentiment in some of our key markets remains challenging, we expect to deliver underlying EBITDA (IFRS16) for the full year in the region of €900 million, compared with €753 million in the previous year. We will also benefit from greater focus on disciplined capital investment, with an improvement in free cash flow generation expected in the full year. This financial strength positions us well to continue executing our growth strategy while maintaining a strong balance sheet.” Read the full update here: https://lnkd.in/dNhPZZ8U

𝐌𝐄𝐋𝐒𝐓𝐀𝐂𝐎𝐑𝐏 𝐏𝐋𝐂 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐦𝐢𝐱𝐞𝐝 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐞𝐬𝐮𝐥𝐭𝐬 𝐟𝐨𝐫 𝐐4 𝐅𝐘 2024. Revenue reached LKR 46.8 billion, reflecting a 7% decline year-over-year (YoY) but a 5% increase compared to the previous quarter (QoQ). Gross profit (GP) remained relatively stable, experiencing a slight decline of 1% YoY but an 18% increase QoQ. The company's bottom line benefited from a significant 41% YoY reduction in net finance costs. However, net finance costs increased by 118% QoQ. Net profit for Q4 reached LKR 2.6 billion, reflecting a significant increase of over 100% YoY but a 42% decline QoQ. The improvement in operating profit for Q4 was largely driven by growth in the diversified segment. Conversely, the beverage segment's YoY decline in both revenue and profit contribution negatively impacted overall group profits.

The Financial Conduct Authority's Consumer Duty is now in effect, mandating firms to "act to deliver good outcomes for retail customers." At Equilibrium, we fully embrace this responsibility and are already committed to exceeding expectations and providing exceptional care to our clients. Head of Best Practice, Sarah Hammond, sheds light on our approach in her recent blog. #consumerduty #financialplanning #investmentmanagement