Reckitt (GB:RKT) has released an update.
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.
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