• Reckitt’s like-for-like sales are up by 1.5%, outperforming estimates of a 1.4% decrease.
• Health like-for-like sales increased by 1%, surpassing expectations of a 1.28% decline.
• Hygiene like-for-like sales growth was 7.1%, better than the estimated 4.48%.
• Nutrition like-for-like sales dropped by 9.9%, however, this was not as severe as the predicted 14.5% decrease.
• North America’s like-for-like sales underperformed estimates, falling 5.5% instead of the expected 4% increase.
• Europe/ANZ regions’ like-for-like sales rose 5.4%, greater than the 2.62% estimate.
• Developing markets like-for-like sales demonstrated growth of 5.1%.
• Volume was reported at -0.5%, bettering the -3.17% forecast.
• Price/mix was up by 2%, slightly under the predicted 2.33%.
• Net revenue came in at GBP 3.74 billion, higher than the GBP 3.67 billion estimate.
• Health revenue equaled the GBP 1.54 billion estimate, while hygiene revenue of GBP 1.61 billion beat the GBP 1.59 billion forecast.
• Nutrition revenue was GBP 591 million, above the GBP 556.1 million estimate.
• The company’s year forecast remains steady with like-for-like sales expected to be +2% to +4%, which aligns with the current estimate of +2.07%.
• Reckitt is on track to meet its fiscal year revenue and profit targets, backed up by mid-single-digit growth in its Health and Hygiene portfolios.
• The entity predicts its operating profit to grow faster than its net revenue growth in this fiscal year.
A look at Reckitt Benckiser Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| 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, toiletry, health, and food products, showcases a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in Dividend and Growth categories, indicating a strong focus on rewarding shareholders and potential for expansion, its Value, Resilience, and Momentum scores are relatively lower. This suggests that while the company offers good dividends and growth opportunities, aspects like stock value, resilience in turbulent times, and market momentum may present challenges.
With a product portfolio spanning fabric treatments, disinfectants, dishwashing detergent, personal care items, food products, and over-the-counter drugs, Reckitt Benckiser Group PLC demonstrates diversification in its offerings. This diversification potentially provides stability and growth opportunities in various sectors. However, potential investors may need to carefully assess the company’s valuation, ability to withstand economic fluctuations, and market momentum to make informed investment decisions in the long term.
### Summary of Company Description: Reckitt Benckiser Group PLC manufactures and distributes a wide range of household, toiletry, health, and food products globally, including fabric treatments, disinfectant spray and cleaners, dishwashing detergent, personal care, food, and over-the-counter drugs. ###
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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