Feb 28, 08:05 AM
Reckitt Benckiser Misses Analyst Forecasts, Q4 Sales Decline, Profits Drop on Cold and Flu Products
Authors
10
Reckitt Benckiser, a consumer goods group, reported a drop in fourth-quarter like-for-like net revenue, missing analyst forecasts due to declines in sales of cold and flu season products. The company's sales fell as price rises slowed and volumes continued to decline, leading to a profit drop and slide in shares.
Written with ChatGPT (GPT-3).
Sources
Barbarian Capital
Reckitt Benckiser shares slide as sales drop https://t.co/ovh1wfsKVX
Dasha AfanasievaReckitt Benckiser sales fell, missing analyst forecasts as price rises slowed and volumes continued to decline https://t.co/ViYMiPp3DY via @business #giftlink
MarketWatch Reckitt Benckiser profits slump on sales slowdown and Middle East accounting issue https://t.co/kwdsS8A2IT
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