Reckitt Benckiser’s (RB/ LN, BUY, T/P 9000p) sales increased at a 2% underlying rate in Q3 2016, falling below market expectations of 2.8% like-for-like sales growth (Source: Company’s polled consensus). The company updated their growth target to 4% full year, like for like growth. Full year growth expectations were last updated at the half year, when they downgraded to be at the lower end 4%-5% sales growth, in light of South Korean oxy humidifier issue.
19 Oct 2016
Q3 sales below expectations
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Q3 sales below expectations
Reckitt Benckiser Group plc (RKT:LON) | 4,521 0 0.0% | Mkt Cap: 32,030m
- Published:
19 Oct 2016 -
Author:
Chris Wickham -
Pages:
4
Reckitt Benckiser’s (RB/ LN, BUY, T/P 9000p) sales increased at a 2% underlying rate in Q3 2016, falling below market expectations of 2.8% like-for-like sales growth (Source: Company’s polled consensus). The company updated their growth target to 4% full year, like for like growth. Full year growth expectations were last updated at the half year, when they downgraded to be at the lower end 4%-5% sales growth, in light of South Korean oxy humidifier issue.