Reckitt (GB:RKT) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Reckitt has reported mixed financial results for H1 2024, with hygiene and health sectors showing stable growth and innovation driving brand performance, despite a slight overall net revenue decline and a temporary disruption in the nutrition business due to a tornado. The company has also increased shareholder returns significantly, announcing a £1bn share buyback program over the next 12 months. The adjusted outlook for the year anticipates continued growth, particularly in the second half, with operating profit expected to outpace net revenue growth.
For further insights into GB:RKT stock, check out TipRanks’ Stock Analysis page.
