FX.co ★ Reckitt Benckiser Q3 LFL Revenue Down 0.5%; On Track To Deliver Full Year Targets

Reckitt Benckiser, listed under the ticker symbols RBGPF.PK and RB.L, announced its third-quarter revenue, totaling £3.45 billion. This marks a 4% decrease according to the International Financial Reporting Standards (IFRS). When assessed on a like-for-like basis, revenue saw a slight decline of 0.5%. For the year-to-date, like-for-like net revenue has experienced a growth of 0.4%. Looking ahead, the company expects to meet its full-year objectives, with all divisions poised to achieve robust like-for-like net revenue growth in the fourth quarter.

CEO Kris Licht commented, "We are on track to achieve our net revenue and profit goals for 2024. This progress is fueled by enhanced investments in our more competitive categories and markets, improved market share across our Health and Hygiene portfolios, and the stabilizing market conditions in US Nutrition."