- Reckitt’s like-for-like sales performed better than expected, showing a modest decline of 0.5% compared to an estimated drop of 1.84%.
- In the Health segment, like-for-like sales increased by 3.2%, surpassing the estimate of 2.57%.
- The Hygiene segment saw a rise in like-for-like sales by 2.1%, just below the anticipated 2.32% growth.
- Nutrition sales experienced a significant decrease by 17.4%, yet performed better than the estimated downturn of 24.7%.
- North America reported a decline in like-for-like sales by 8.4%, which was better than the expected fall of 10.6%.
- Like-for-like sales in Europe, Australia, and New Zealand grew by 1.9%, though this was below the forecasted 3.04%.
- Developing markets exceeded expectations, posting a 5% increase in like-for-like sales compared to the 4.95% prediction.
- Overall sales volume decreased by 1.4% but was better than the anticipated 3.13% decline.
- The price/mix increased by 0.9%, slightly lower than the estimated 1.28% improvement.
- Reckitt reported a net revenue of GBP3.46 billion, beating the estimate of GBP3.39 billion.
- Health revenue reached GBP1.48 billion, outperforming the estimated GBP1.45 billion.
- Hygiene revenue came in at GBP1.53 billion, slightly below the expected GBP1.54 billion.
- Nutrition revenue was GBP454 million, exceeding the estimate of GBP406.3 million.
- The company maintains its forecast for like-for-like sales growth of 1% to 3% for the full year, aligning with the 1.44% estimate.
- Reckitt expresses confidence in meeting its full-year targets, with all business sectors positioned for robust like-for-like net revenue growth in the fourth quarter.
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A look at Reckitt Benckiser Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Reckitt Benckiser Group PLC, a global manufacturer and distributor of various household, health, and food products, has been assessed using Smartkarma Smart Scores. The company received a favorable score for dividends and momentum, indicating strong performance in these areas. An above-average score for growth further highlights the company’s potential for expansion. However, with lower scores in value and resilience, there may be areas for improvement to enhance overall stability and attractiveness to investors.
Overall, Reckitt Benckiser Group’s Smart Scores suggest a positive long-term outlook, particularly in terms of dividends, growth, and momentum. As a key player in the household, health, and food products market, the company’s diversified product range provides a solid foundation for future growth and resilience. Investors may find the company’s strong dividend and momentum scores appealing, reflecting its potential for steady returns and continued market momentum in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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