Thursday, February 25, 2021
  • Contact
  • Privacy Policy
  • Terms & Conditions
Trends Wide
  • Home
  • News
  • Business
  • Lifestyle
  • Trending
  • Australia
  • Deals
  • Cryptocurrency
No Result
View All Result
Trends Wide
Home Economie

Reckitt Benckiser says revenue was 6.9% higher in the fiscal third quarter.

souhaib by souhaib
October 20, 2020
in Economie
0


  • Reckitt Benckiser says revenue was 6.9% higher in the fiscal third quarter.
  • The consumer goods company’s sales jump 19% in North America.
  • Reckitt Benckiser forecasts over 10% growth in its annual net revenue.

Reckitt Benckiser Group plc (LON: RB) posted higher revenue for the fiscal third quarter on Tuesday. The company attributed the increase to its disinfection business, and raised its net revenue guidance for the full year.

Shares of the company jumped 2.5% in premarket trading on Tuesday but lost 1% on market open. On a year to date basis, Reckitt Benckiser is now a little under 20% up in the stock market. Confused about choosing a reliable stockbroker to trade online? Here’s a list of the top few to make selection easier for you.


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Reckitt Benckiser’s sales jump 19% in North America

The owner of prominent brands like Durex, Harpic, and Dettol, said its revenue in the fiscal third quarter printed at £3.51 billion that represents a 6.9% growth on a year over year basis, and 13% on a comparable basis.

In late September, Reckitt Benckiser expressed plans of offloading a few of its personal care brands (non-core), including Clearasil acne cream and Veet hair removal.

The consumer goods company also said on Tuesday that its revenue on a year to date basis currently stands at £10.42 billion, versus £9.26 billion in the comparable period of last year. According to Reckitt Benckiser, it saw the sharpest growth in North America where sales posted an annualised growth of 19%, attributed primarily to its disinfection brands, including Lysol.

The Slough-based company cited the Coronavirus pandemic as it reported a significant sales growth of 13% versus the comparable period of last year. Reckitt Benckiser generated £1.49 billion of sales from this segment. COVID-19 crisis has so far infected more than 0.8 million people in the United Kingdom and caused over 43 thousand deaths.  

Reckitt Benckiser’s revenue forecast for the full fiscal year

The British multinational now forecasts over 10% of growth in its annual net revenue, versus less than 10% that it had previously estimated. In its report published in late July, Reckitt Benckiser had noted £1.44 billion of pre-tax profit in the fiscal first half.

CEO Laxman Narasimhan commented on the financial update on Tuesday and said:

“I feel very good about our performance so far. The growth has been led by our hygiene business. We are seeing behaviour changes in our categories. We are seeing 80% of consumers adopting better hygiene practices. We are uniquely placed to help tackle the challenges the world is facing.”

At the time of writing, Reckitt Benckiser has a market capitalisation of £52 billion.



Source link

Related posts

EV: Here’s why Fisker stock price exploded 40% yesterday

February 25, 2021

Brent crude oil prices hit 13-month highs as BofA raises outlook

February 25, 2021
Next Post

Eoin Morgan: England captain warns of mental health issues in bio-secure bubbles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Sydney’s coronavirus case spike sparks fresh calls for a brutal city-wide lockdown

2 months ago

Is Britain’s coronavirus outbreak taking off again? Infections are up 48% in a week

5 months ago

Euro and Australian dollar rallied as Trump’s threat to halt stimulus is ignored

2 months ago

Weekly US infections have fallen below one million for the first time since November 14

3 weeks ago

BROWSE BY CATEGORIES

  • Australia
  • Cryptocurrency
  • Culture
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Switzerland
  • Trending
  • Uncategorized

BROWSE BY TOPICS

2018 League abc Australia Bali United bbc bbc health Budget Travel Champions League Chopper Bike cnn ar business dailymail dailymail australia dailymail heath dailymail money dailymail sport day 7 euronews Health https://lenews.ch/feed/ IGN Istana Negara Market Stories National Exam rt arabic usa today usa today money usa today sport Visit Bali Women Fashion

POPULAR NEWS

  • Watch .. Lebanese astronomer Michel Hayek reveals his predictions for the year 2021

    0 shares
    Share 0 Tweet 0
  • Help save a local business

    0 shares
    Share 0 Tweet 0
  • Love Insurance

    0 shares
    Share 0 Tweet 0
  • 5 places to visit in Microsoft Flight Simulator 2020.

    0 shares
    Share 0 Tweet 0
  • Reece Parkinson: A shock diagnosis won’t stop me running

    0 shares
    Share 0 Tweet 0

Follow us on social media:

Recent News

  • Unseen Van Gogh goes on public display before Sotheby’s auction in March
  • From Every Angle: Watch Kasami’s ‘exceptional’ goal for Fulham against Crystal Palace in 2013
  • Married At First Sight’s Rebecca Zemek strips down to a bikini for a bath with Jake Edwards

Category

  • Australia
  • Cryptocurrency
  • Culture
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Switzerland
  • Trending
  • Uncategorized

Recent News

Unseen Van Gogh goes on public display before Sotheby’s auction in March

February 25, 2021

From Every Angle: Watch Kasami’s ‘exceptional’ goal for Fulham against Crystal Palace in 2013

February 25, 2021
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Opinion

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.