Latest news with #Lysol
Time of India
3 days ago
- Business
- Time of India
UK's Reckitt raises revenue outlook after second quarter beats expectations
Consumer goods company Reckitt raised its annual revenue forecast on Thursday after second-quarter net sales growth topped expectations as strength in emerging markets offset weakness in North America and Europe. Shares jumped 10% to their highest level since early 2024 and were headed for their biggest one-day percentage gain since 2000. Reckitt, the maker of Durex condoms and Lysol cleaning products, is pivoting to focus on its 11 so-called "power brands" under CEO Kris Licht, as the sector grapples with weak demand and intense competition. The company reported like-for-like quarterly net revenue growth of 1.9%, compared with 1.7% forecast in a company-compiled consensus. Reckitt also announced a new share buyback programme of 1 billion pounds over the next 12 months. Growth in North America and Europe fell short of expectations, dragged by a challenging consumer backdrop and the expected shelf reset of its flu relief medicine Mucinex due to reformulation. But strong sales in China, India and Latin America made up for weakness in those key markets. Among Reckitt's other well-recognised brands are Strepsils throat lozenges and Harpic bathroom cleaning products. "We delivered excellent growth in emerging markets and navigated a challenging consumer environment in our developed markets," Licht said in a statement. Reckitt raised its 2025 like-for-like net revenue growth forecast for its core business to above 4%, from between 3% and 4% expected earlier. It now expects overall group like-for-like net revenue growth between 3% and 4% for the year, compared with an earlier forecast of 2% to 4% growth. The company last week sold a majority stake in its Essential Home business to private equity firm Advent for $4.8 billion. It is also looking at strategic options for its Mead Johnson division, which is the subject of a number of baby formula lawsuits in the U.S. Reckitt posted operating profit of 1.71 billion pounds ($2.32 billion) for the six months ended June 30, beating analysts' average expectations of 1.66 billion pounds.
Reuters
5 days ago
- Business
- Reuters
Reckitt lifts revenue outlook on strong Asia growth, shares surge
July 24 (Reuters) - Consumer goods company Reckitt (RKT.L), opens new tab raised its annual revenue forecast on Thursday after second-quarter net sales growth topped expectations, sending shares soaring, as strength in China and India offset weakness in North America and Europe. Shares jumped as much as 11% to their highest level since early 2024 and were among the biggest gainers on the pan-European STOXX 600 index (.STOXX), opens new tab. Reckitt, the maker of Durex condoms and Lysol cleaning products, is pivoting to focus on its 11 so-called "power brands" under CEO Kris Licht, as the sector is faced with weak demand and fierce competition. The company reported like-for-like quarterly net revenue growth of 1.9%, above the 1.7% forecast in a company-compiled consensus. It also announced a new 1 billion pounds share buyback over the next 12 months. Growth in North America and Europe lagged expectations, hit by a challenging consumer environment and the expected shelf reset of its flu medicine Mucinex due to reformulation. Licht said there was some stabilisation in those regions in the second quarter, but consumption remained "suppressed". "Even though consumption is a bit lower in our categories, we're still seeing some growth, and people are still spending. It's just much more measured," he said, referring to North America and Europe. But strong sales in China, India and good growth in Brazil, Colombia, Indonesia and Malaysia made up for weakness in developed markets. Chinese consumers were responding well to new innovation behind the Dettol brand, Licht said. Reckitt raised the like-for-like 2025 net revenue growth forecast for its core business to above 4%, from a 3% to 4% range previously. "A beat and raise is a rare occurrence in this market," said analysts at JPMorgan in a note. Reckitt now expects overall group like-for-like net revenue growth of 3% to 4% for the year, up from the previous 2% to 4%. The share price was last up 9%, heading for its biggest one-day percentage gain since November 2008. Last week, Reckitt sold a majority stake in its Essential Home business to Advent for $4.8 billion. It is also exploring options for its Mead Johnson unit, which faces several baby formula lawsuits in the U.S. The U.S. litigation may have some impact on timing of the eventual exit of Mead Johnson, Licht said. Essential Home and Mead Johnson, which are considered non-core, underperformed during the quarter. Reckitt posted operating profit of 1.71 billion pounds ($2.32 billion) for the six months ended June 30, beating analysts' average expectations of 1.66 billion pounds. Some investors worry Reckitt is more exposed than rivals to U.S. tariffs due to lower U.S. manufacturing capacity compared to Haleon (HLN.L), opens new tab and Unilever (ULVR.L), opens new tab. Once its new factory in the U.S. state of North Carolina becomes operational in 2027, the share of local U.S. sales could rise to 75% from 57%, Reckitt has previously said. Licht said he is considering further U.S. investments to "increase capacity and support innovation." ($1 = 0.7368 pounds)
Buzz Feed
6 days ago
- General
- Buzz Feed
I'm Not Gonna Lie, These 20 Absolutely Mind-Blowing Pictures Just Completely And Totally Shattered My Dumb Little Brain
This is what the border between Mexico and the United States looks like at the ocean between Tijuana and San Diego: Here's another unique border. This is the border between Canada and France on Saint Pierre and Miquelon near Newfoundland: While campaigning for president in 1912, Theodore Roosevelt was shot in the chest but survived because the bullet was slowed by a steel glasses case and a folded speech in his jacket pocket. This is the shirt he was wearing that day: He famously went on to deliver the speech anyway, clocking in at over one hour. In Finland the largest size of mayonaise is called "AMERICAN SIZE:" No comment. This is one of only two remaining pirate Jolly Roger flags in existence: It was captured in 1790. According to the BBC, the flag's red color "signified the pirates intended to spare no life if a battle broke out during a ship's capture." Here's what some dinosaur footprints look like: Neat! Way, way back when it was originally created, Lysol advertised one of its uses as being for 'feminine hygiene:" Obviously, this is incredibly dangerous. This is Paul Karason, whose skin turned permanently blue after years of consuming colloidal silver: He claimed it cured many of his health problems, including arthritis and acid reflux. Here he is next to a non-blue person: According to astronomers, this is the average color of the universe: The color is called "cosmic latte." To figure this out, astronomers averaged the colors of over 200,000 galaxies together. Folks, would you drink the cosmic latte? Some old lawnmowers had built in cigarette lighters: We used to be a proper country. Yellow watermelons are a thing that exists: They apparently have more of a "honey" taste. I've seen them at Wegman's... but have not tried. Some menus include the estimated cooking time for each dish along with the price: This is a loaf of sourdough bread that was miraculously preserved after the eruption of Mt. Vesuvius in 79 CE: It was inside an oven at the time of the eruption. Folks, are you eating the volcano bread? Over time, gold crayons can turn green on the outside but still be gold on the inside: Sanddollars, my friend... sanddollars can be very tiny: This is what the start of a river looks like: Otherwise known as a spring. This is the start of the Metolius River in Oregon. Before treating cuts on eyeballs, a yellow dye is applied to better locate any tears: It does look pretty cool, though. This is the amount of contact a train wheel typically makes with the track: A bit scary. This is what a cross-section of a Boeing 747 looks like: Not much between you and the great wide-open sky. And, finally, some elevators in Japan have tiny little toilets in the corner: For... you know... emergencies.
Yahoo
09-07-2025
- Business
- Yahoo
14 best Prime Day deals on everyday essentials and cleaning products, starting under $5: Lysol, Cascade, Bounty and more
What better time to stock up on everyday essentials than during Amazon Prime Day 2025? This year's massive four-day sale (running until July 11) is a great time to re-up your arsenal of cleaning supplies. While customers can shop deals on everything from headphones and TVs to vacuums and beauty essentials, savvy ones know it's also a good time to score savings on everyday brands like Lysol, Cascade, Glad, Gain, Bounty and more. However, there's one catch: you'll need a Prime membership to shop most of the deals. Not yet a member? Below, we rounded up the best everyday essential deals on sale now during Prime Day. Not all dishwasher pods are built alike. This "cost-effective" 90-count option from Cascade is a favourite among shoppers, who note it's a reliable product that gets dishes "nice and clean." This Lysol bathroom cleaner is a bleach-free option in a cool spring breeze scent. I personally use it in my bathroom, and I like it a lot because there is no chemical smell, since it's made with hydrogen peroxide. Shoppers agree it works well on soap scum and daily bathroom grime. This odour-fighting laundry detergent can handle up to 107 loads of laundry. Shoppers love the easy-pour spout and notes clothing "smell stays fresh" for days after washing. These paper towels can be torn to your perfect size, making it an ideal option for kitchen and general cleaning. Shoppers say it's the "absolute best" paper towel brand, with a great value and smaller sheets. Stock up on this four-pack of toilet bowl cleaner, a favourite among shoppers due to its "incredible" cleaning power. This 40-pack of regular-sized black bags are perfect for everyday household garbage. Shoppers say they're "strong," have great capacity for household use and love the easy-tie top. This three-pack includes two crisp lemon and one fresh scent, totally 225 sheets. Reviewers keep these on hand in the bathroom and kitchen, saying they're ideal for quick wipe-ups and efficient disinfection. Shoppers can't get enough of this Gain 76-count container detergent pacs with fresh-smelling moonlight breeze scent. Many shoppers note the scent lingers in laundry room well after washing. Backed by more than 6,600 reviews and an average rating of 4.8 stars, these unscented duster refills from Swiffer are lauded for their ability to collect dust, rather than just spreading it around. This two-pack of dishwasher cleaner can help cleanser your dishwasher of hidden grease, hard water stains, and limescale build up. Shoppers say this products leaves the dishwasher "fresh" and "sparkling clean." A family-sized pack for busy households, this 24-pack of toilet paper has 296 sheets per roll and comes packaged in four packs of six rolls, making for easy division and storage in multiple bathrooms. Banish clothing stains, carpet spills and even tackle upholstery with this colour-safe bleach-free stain remover powder from OxiClean. Many shoppers say they add a scoop into laundry loads to help remove tough stains and clean pet items, noting its "excellent" cleaning power. This starter kit comes equipped with a bonus refill of Dawn's dish spray, a favourite backed by more than 51,000 reviews. Shoppers like the easy-to-use spray design and note its ability to cut through grease "like a champ."
Yahoo
09-07-2025
- Business
- Yahoo
14 best Prime Day deals on everyday essentials and cleaning products, starting under $5: Lysol, Cascade, Bounty and more
What better time to stock up on everyday essentials than during Amazon Prime Day 2025? This year's massive four-day sale (running until July 11) is a great time to re-up your arsenal of cleaning supplies. While customers can shop deals on everything from headphones and TVs to vacuums and beauty essentials, savvy ones know it's also a good time to score savings on everyday brands like Lysol, Cascade, Glad, Gain, Bounty and more. However, there's one catch: you'll need a Prime membership to shop most of the deals. Not yet a member? Below, we rounded up the best everyday essential deals on sale now during Prime Day.
