0811 GMT - Reckitt failed to impress as fourth-quarter sales growth was lighter than expected, although profits were positively surprising given the increased marketing investments, RBC Capital Markets James Edwardes Jones and Wassachon Udomsilpa say in a note. The consumer-goods company missed sales expectations revenue dragged by its health, reflecting a sales decline of its over-the-counter brands by a high-single-digit percentage due to a soft seasonal market due to a soft winter season, they say. Looking ahead, the company has set an organic revenue growth target of 2%-4% for 2025,below the market consensus of 4.4%, and its midterm guidance of 4%-5% could also disappoint investors, the analysts add. Shares are down 2.9% at 50.42 pounds.(michael.susin@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 03:11 ET (08:11 GMT)
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