Lysol
Reckitt Struggles with Q1 Sales Expectations as Market Pressures Mount
Reckitt $RKT.L, the manufacturer known for its well-established cleaning brands like Dettol and Lysol, has reported disappointing growth in net sales for the first quarter of the year. This underperformance, attributed to declining volumes in crucial markets in Europe and North America, has led to a notable drop in the company’s stock prices. Despite maintaining its sales growth expectations, Reckitt has acknowledged facing "more challenging macroeconomic prospects."
Reckitt Falls Short of Sales Expectations in Q1 Amid Declining Demand in Key Markets
Reckitt $RKT.L, the manufacturer of well-known cleaning products such as Dettol and Lysol, reported its first-quarter earnings, revealing that its net sales growth did not meet market expectations. The company has observed a notable decline in consumer purchases in key markets such as Europe and North America. Despite this shortfall, Reckitt maintained its annual forecast, anticipating comparable sales growth of 2-4% for the year.