Reckitt Benckiser on Wednesday forecast its full-year adjusted operating margins to be slightly above 2022 levels after the British company beat quarterly like-for-like (LFL) net revenue estimates, helped by its hygiene and health businesses.
FILE PHOTO-Lysol, a brand of Reckitt Benckiser Group PLC, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. REUTERS/Andrew Kelly/File Photoon Wednesday forecast its full-year adjusted operating margins to be slightly above 2022 levels after the British company beat quarterly like-for-like net revenue estimates, helped by its hygiene and health businesses.
The company retained its 2023 target range of 3% to 5% for group LFL net revenue growth and expects adjusted operating margins to be slightly above 2022 levels, excluding last year's one-off benefit of about 80 basis points related to an infant formula supply disruption in the U.S.
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