- Reckitt’s third-quarter like-for-like sales declined by 0.5%, which was better than the estimated decline of 1.84%.
- The Health segment achieved a like-for-like sales increase of 3.2%, surpassing the estimate of 2.57%.
- Hygiene sales rose by 2.1%, slightly below the projected 2.32% increase.
- Nutrition sales plummeted by 17.4% but performed better than the anticipated 24.7% decrease.
- In North America, sales dropped by 8.4%, improving upon the expected 10.6% decline.
- Europe and ANZ experienced a sales rise of 1.9%, which was lower than the estimated 3.04% growth.
- Developing markets saw a 5% boost in sales, marginally above the 4.95% estimate.
- Volume fell by 1.4%, doing better than the expected decrease of 3.13%.
- Price/mix increased by 0.9%, just shy of the anticipated 1.28% rise.
- Net revenue reached GBP3.46 billion, outperforming the estimate of GBP3.39 billion.
- Health revenue came in at GBP1.48 billion, ahead of the GBP1.45 billion projection.
- Hygiene revenue totaled GBP1.53 billion, near the expected GBP1.54 billion.
- Nutrition revenue was GBP454 million, exceeding the anticipated GBP406.3 million.
- Reckitt maintains its full-year forecast of 1% to 3% growth in like-for-like sales, aligning with the estimated 1.44%.
- The company remains confident in meeting its full-year targets, highlighting that all businesses are well-positioned for strong fourth-quarter growth.
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 household, health, and food products, has received a range of Smart Scores reflecting different aspects of its outlook. With a strong focus on dividends and momentum, the company seems to be in a favorable position for investors seeking stable returns and positive market sentiment. While its value and resilience scores are moderate, the higher scores in dividends and momentum indicate a promising future direction for the company.
Despite facing some challenges in terms of value and resilience, Reckitt Benckiser Group’s solid scores in dividends, growth, and momentum suggest a positive long-term outlook. By prioritizing shareholder returns and maintaining growth prospects, the company is positioning itself well for sustained performance in the market. With its diverse product portfolio including household cleaners, personal care items, and over-the-counter drugs, Reckitt Benckiser Group remains a key player in the consumer goods industry with opportunities for continued growth and success.
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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