LONDON (ShareCast) - (Sharecast News) - Consumer goods giant Reckitt Group reiterated its full-year guidance on Wednesday as it reported a "strong third-quarter performance", with like-for-like net revenue up 7% in the three months ended 30 September at £3.61bn.
Core LFL net revenue growth came to 6.7% for the third quarter and 5.0% year-to-date, hitting £2.6bn and £7.6bn, respectively, driven by "stand-out growth" in emerging Markets and a return to growth in North America and Europe.

Reckitt's emerging markets vertical saw a significant LFL net revenue increase of 15.5% to £1.08m, while Europe returned to growth with a 0.8% increase to £865m and North America grew by 1.3% to £658m.

Net revenue growth was also supported by its Mead Johnson Nutrition unit, which saw revenue improve 22.0% in Q3 as the business lapped the significant impact of the July 2024 tornado, more than offetting the 4.9% revenue decrease in its Essential Home division.

Looking ahead, Reckitt stood by its FY25 outlook, stating it expects LFL core net revenue growth above 4%, while overal group LFL net revenue growth was seen at 3% to 4%.

Chief executive Kris Licht said: "We have delivered a strong third-quarter performance with LFL net revenue up 6.7% in Core Reckitt. These results reflect sequential volume improvements and the strength of our Powerbrands. We returned to growth in Developed Markets against a challenging consumer landscape and continued to deliver outsized growth in Emerging Markets.

"With our sharpened operating structure, we are executing our plan and progressing our strategic objectives to be a world-class consumer health and hygiene company. We are pleased with our performance and we are confident in delivering our full year 2025 guidance."





Reporting by Iain Gilbert at Sharecast.com

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