Reckitt Benckiser Group PLC

Reckitt Benckiser Group Plc engages in the manufacture and trade of consumer brand products including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, and Woolite. It operates through the following segments: Hygiene, Health, and Nutrition. The company was founded by Johann A. Benckiser in 1823 and is headquartered in Slough, the United Kingdom.

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Investing in companies that make products people buy day-in and day-out is a smart way to weather an economic storm, but there are some consumer staples stocks to sell which are the exception to that rule. A consumer staples stock includes a whole range of companies— from over-the-counter medicines to household products, food and even alcohol and tobacco.

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Reckitt Benckiser is “cheap” compared to the sector and against its own history, according to Deutsch Bank, although it is “tough to re-rate.” However, the broker believes it is “only moderately cheap against the market.

Reckitt Benckiser 'cheap', according to brokers

Reckitt Benckiser Group plc (OTCPK:RBGPF) Q2 2023 Earnings Call Transcript July 26, 2023 8:30 AM ET Company Participants Richard Joyce - IR Nicandro Durante - CEO Jeff Carr - CFO Kris Licht - CEO Designate Conference Call Participants Tom Sykes - Deutsche Bank Jeremy Fialko - HSBC Fulvio Cazzol - Berenberg Iain Simpson - Barclays Richard Cohen - Morgan Stanley Alicia Forry - Investec Karel Zoete - Kepler Cheuvreux Operator Good morning, everyone. Welcome to Reckitt's Half Year 2023 Results Presentation.

Reckitt Benckiser Group plc (RBGPF) Q2 2023 Earnings Call Transcript

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Both Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) today and Unilever PLC (LSE:ULVR) yesterday reported a slump in sales volumes as consumers seemingly reached the limit of how much they are willing to pay for big brands. These sector-mates, which both have appointed new chief executives this year, have been among the companies accused of profiteering or 'greedflation', contributing to the cost of living crisis.

Reckitt Benckiser and Unilever tread cautiously on prices in face of inflation-weary consumers

Durex and Veet owner Reckitt Benckiser said first-half revenues moved higher with the consumer goods reiterating its confidence amid a challenging backdrop. Revenue grew to £7.4bn in the first six months of the year, an 8.1% increase compared to the same period 12 months ago and 6% growth like-for-like.

Reckitt Benckiser reports revenue growth as confidence reiterated

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Reckitt Benckiser Group is a global manufacturer and seller of health, hygiene, and nutrition products. Reckitt has benefited well from the pandemic, but is fundamentally attractive due to the brands it owns. Margins are above the industry average, allowing Reckitt to deleverage and fund distributions.

Reckitt Benckiser: Potential For Strong Free Cash Flow

Reckitt's Lysol disinfectant brand said on Tuesday that it would start selling in the U.S. an "air sanitizing spray" that kills 99.9% of airborne viruses and bacteria.

Reckitt creates 'air sanitizing spray' effective against coronavirus

Gold Lion awarded in coveted Creative Strategy category for Me, My Autism & I campaign Fabrice Beaulieu recognized as Brand Advertiser of the Year by Act Responsible

Reckitt Wins First-Ever Gold Lion & Total of Six Wins at Annual Cannes Lions Festival of Creativity

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The soap and cleaning materials industry is positioned to gain from revived demand trends, pricing actions, innovation, digital transformation and brand building, while elevated costs remain headwinds. Players like PG, CL, RBGLY, CHD and CLX look well-poised.

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Reckitt Benckiser Group plc (OTCPK:RBGLY) Q1 2023 Results Conference Call April 26, 2023 1:00 PM ET Company Participants Richard Joyce - IR Nicandro Durante - CEO Jeff Carr - CFO Conference Call Participants Rashad Kawan - Morgan Stanley Guillaume Delmas - UBS Celine Pannuti - JPMorgan Bruno Monteyne - Bernstein James Edwardes Jones - RBC Iain Simpson - Barclays Jeremy Fialko - HSBC Martin Deboo - Jefferies Tom Sykes - Deutsche Bank Chris Pitcher - Redburn Karel Zoete - Kepler Richard Joyce Good morning, everyone. Welcome to Reckitt's Q1 trading update.

Reckitt Benckiser Group plc (RBGLY) Q1 2023 Earnings Call Transcript

Buy The Turnaround In Reckitt Benckiser And Enjoy Its Recovery At A Discount.

Buy The Turnaround In Reckitt Benckiser And Enjoy Its Recovery At A Discount

PARSIPPANY, N.J.--(BUSINESS WIRE)--Analysis of studies involving 160,000 people across three continents reinforces message that handwashing is not just for pandemics.

Handwashing During ‘Normal Times' Can Reduce Burden of Respiratory Disease – Reckitt Global Hygiene Institute

Reckitt Benckiser Group PLC UK:RKT said Wednesday that its first-quarter revenue rose, supported by a broad-based growth across its businesses, and said it has appointed Kris Licht as Chief Executive Officer to succeed Nicandro Durante.

Reckitt Benckiser first quarter revenue rises to $4.9 billion; Kris Licht appointed CEO

Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) revealed it sold lower volumes in the first quarter as it continued to hike prices, and said it is promoting Kris Licht, currently chief customer officer, to be its new chief executive. The maker of brands ranging from Durex condoms and Nurofen painkiller to Dettol cleaners and Air Wick fresheners said Licht, who joined from PepsiCo (NASDAQ:PEP) in 2019, will become CEO-designate in May, join the board in June and take over the role from current interim CEO Nicandro Durante by the end of the year.

Reckitt Benckiser appoints new CEO from within, reports continues price hikes in first quarter

PARSIPPANY, New Jersey--(BUSINESS WIRE)--Half of young women and people who menstruate in Victoria, Australia surveyed have tried a reusable menstrual product - such as menstrual cups, recyclable pads and period pants - but education, product support, and bathroom facilities are still too focused on single-use items, according to new research. “Reusable period products: use and perceptions among young people in Victoria, Australia”, published in the BMC Women's Health journal, is the first esti.

Young Australians Are Taking up Reusable Menstrual Hygiene Products, But Their Needs Aren't Being Met - Reckitt Global Hygiene Institute

Reckitt Benckiser still faces headwinds to its ratings, according to Deutsche Bank, which cut its target price to 6,500p from 6,250p while maintaining its hold rating. Analysts at the bank said uncertainty about the level of market share loss in the infant formula market to Abbott in the US and volatility in cough, cold and flu will “hold back the valuation.

Reckitt Benckiser still faces headwinds, says broker

Reckitt Benckiser's first-quarter sales are expected to be ahead of Jefferies' previous consensus, with the broker remaining hold on the consumer goods group with a target price of 5,870p. The US bank said that sales, despite its general scepticism, “reflect improving sell-out trends towards the end of the quarter.

Reckitt Benckiser's first quarter to be ahead of consensus, says broker

I expect the Reckitt Benckiser Group business to experience stable growth in the near future based on its recent investment and execution improvement. Reckitt Benckiser has a strong balance sheet, which could enable it to pursue M&A opportunities.

Reckitt Benckiser Group: Valuation Gap To Close On Improved Fundamentals

Reckitt Benckiser should enjoy a more normalised base as it comes out of three years of reinvestment, according to JP Morgan. The US bank has an overweight rating on the stock with a target price set at 7,500p.

Reckitt Benckiser should enjoy 'more normalised base,' says broker

Reckitt Benckiser could report great results for fiscal 2022 with the top and bottom lines improving and all three segments contributing to growth. While management is a little more cautious for 2023 (only low single-digit growth), the long-term targets see growth rates in the mid-to-high single digits.

Reckitt Benckiser: A Pick To Avoid The Banking Turmoil

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Our 3-step process focuses on wide-moat stocks (as per Morningstar's rating). We are only interested in those targets that are attractively valued in historical comparison.

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Reckitt Benckiser PLC management's frustration that the market's lack of love is likely to be extended as the shares received another downgrade, with analysts also slamming the ‘mystifying' lack of chief executive appointment six months after the departure of Laxman Narasimhan. There were two slightly disparaging notes on the Durex, Clearasil and Air Wick maker on Monday morning, with Deutsche Bank removing the shares from its ‘buy' list and moving to a ‘hold' rating, with target price remaining 6500p.

Reckitt Benckiser 'frustrated' at lack of love but analysts see plenty of question marks

Reckitt Benckiser Group plc (OTCPK:RBGPF) Q4 2022 Results Conference Call March 1, 2023 8:00 AM ET Company Participants Richard Joyce - Investor Relations Nicandro Durante - Chief Executive Officer Jeffrey Carr - Chief Financial Officer Volker Kuhn - Chief Transformation Officer Kris Licht - President of Health business and Chief Customer Officer Pat Sly - President of Nutrition Business Conference Call Participants Iain Simpson - Barclays Chris Pitcher - Redburn Pilar Rocafort - UBS Jeremy Fialko - HSBC Celine Pannuti - JPMorgan Tom Sykes - Deutsche Alicia Forry - Investec Pinar Ergun - Morgan Stanley John Ennis - Goldman Richard Joyce Good morning, everyone, and welcome to Reckitt's Full Year 2022 Results Presentation. Before we start, I'd like to just draw your attention to the usual disclaimer in respect to forward-looking statements.

News for Reckitt Benckiser Group PLC Stock (RBGLY)