Reckitt baby food is problem child best kept home - dasha_reuters -
Reckitt Benckiser on Feb. 17 said like-for-like net revenue rose 3.5% to 13 billion pounds last year, ahead of the 3.1% growth analysts had expected in a poll supplied by the company. The Nurofen maker’s nutrition business grew 0.6% on a like-for-like basis to 2 billion pounds.
Reckitt said it is targeting like-for-like net revenue growth of between 1% and 4% for the coming year. It expects the adjusted operating margin to improve from the 22.9% the company reported in 2021. Reckitt is considering options for its infant nutrition business including a potential sale, Bloomberg reported on Feb. 4, citing people familiar with the matter. On a call with journalists on Feb. 17, Chief Executive Laxman Narasimhan said he was happy with the company’s portfolio and the unit’s performance.Reckitt shares were up 4% at 60.65 pounds by 0903 GMT on Feb. 17.Mead Johnson's product Enfamil baby formula are displayed on a store shelf in New York City, U.S., February 10, 2017.
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