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Reckitt Benckiser Group plc (RBGLY) Q3 2026 Sales/Trading Call Transcript
Reckitt Benckiser Group LON: RKT reported 3.3% like-for-like net revenue growth in the third quarter, or 3.9% excluding Russia Hygiene, as strength in emerging markets and a return to growth in Europe were partly offset by supply constraints and a weaker consumer environment in North America.
Like-for-like net revenue in North America fell 1.3%, but the company anticipates a rebound from Lysol and North America in the fourth quarter.
Dettol maker Reckitt lowered its annual revenue forecast on Tuesday and reported revenue growth below analyst expectations in the third quarter, hampered by a challenging consumer environment
In September Zegona announced a capital return program of €400 million, divided equally between dividends and share repurchases. McBride expects the agreement to increase annual revenues by £170 million at margins consistent with McBride's existing revenue base. Talen will borrow against its 2027 and 2028 guaranteed capacity payments, accelerating these payments and repurchasing $1.5 billion in shares by the end of March 2027.
UBS, the Swiss investment bank, says an early rise in flu incidence could lift 2027 earnings forecasts for Reckitt Benckiser Group PLC (LSE:RKT, OTCQX:RBGLY), the consumer goods group, and Haleon, the consumer health group. The bank rates Reckitt 'buy' with a price target of 7,600p, implying 39% upside from its Monday closing price of 5,484p.
A change in Reckitt's sales tactics led to 12 consecutive quarters of double-digit sales growth in the country.
Shares of Reckitt Benckiser Group PLC (OTCMKTS:RBGLY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued