RKT

Reckitt posts drop in fourth-quarter like-for-like net revenue

Credit: REUTERS/ANDREW KELLY

Adds details in paragraphs 3 and 4

LONDON, Feb 28 (Reuters) - Consumer goods group Reckitt RKT.L missed fourth-quarter like-for-like net sales expectations, it said on Wednesday, citing declines in sales of cold and flu season products.

The maker of Nurofen pain medication and Dettol cleaning products said it is "confident in the year ahead" and expects like-for-like net revenue growth of 2-4%, with mid-single-digit growth for its Health and Hygiene portfolios.

Reckitt said quarterly like-for-like net revenue fell 1.2% while analysts in a company-supplied poll had expected 1.6% growth.

"While our performance in Q4 was unsatisfactory, we look to 2024 and beyond with confidence," CEO Kris Licht said.

(Reporting by Richa Naidu; editing by David Goodman and Jason Neely)

((richa.naidu@tr.com; Follow me on X https://twitter.com/Richa_Writes; +44 755 755 9587;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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