Reckitt Benckiser Reports Increase in Q3 Net Revenue; Anticipates Profit Growth for FY25 and Supports LFL Net Revenue Growth Outlook

Third Quarter Performance: Reckitt Benckiser reported a 4.5% increase in net revenue for Q3, reaching £3.61 billion, driven by growth in Core Reckitt and Mead Johnson Nutrition, despite a decline in Essential Home revenues.

Future Outlook: The company is optimistic about fiscal 2025, expecting adjusted earnings per share growth and a Group LFL net revenue growth of 3% to 4%, with Core Reckitt projected to exceed 4%.

Segment Performance: Core Reckitt's net revenues rose 4.2% to £2.60 billion, with strong growth in Emerging Markets and a return to growth in North America and Europe, while Mead Johnson Nutrition saw an 18.9% increase in revenues.

Essential Home Decline: Essential Home's LFL net revenue is expected to decline in the mid-single digits, a revision from previous low single-digit decline expectations, reflecting ongoing challenges in that segment.