Reckitt reported strong Q3 22 trading numbers (+7.4% LFL growth), beating estimates. However, the beat wasn’t enough to impress investors, who took note of the 4.6% volume drop and marked the stock price down by 4% during the session following the announcement.
Although the FY22 growth outlook was upgraded to 6-8%, this implies a weak Q4, validating investors’ caution. We will upgrade our estimates marginally (1-3%), to reflect the strong Q3 performance.

31 Oct 2022
Q3 22 beat fails to impress

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Q3 22 beat fails to impress
Reckitt Benckiser Group plc (RKT:LON) | 5,445 1633.5 0.6% | Mkt Cap: 38,964m
- Published:
31 Oct 2022 -
Author:
Virendra Chauhan -
Pages:
3 -
Reckitt reported strong Q3 22 trading numbers (+7.4% LFL growth), beating estimates. However, the beat wasn’t enough to impress investors, who took note of the 4.6% volume drop and marked the stock price down by 4% during the session following the announcement.
Although the FY22 growth outlook was upgraded to 6-8%, this implies a weak Q4, validating investors’ caution. We will upgrade our estimates marginally (1-3%), to reflect the strong Q3 performance.