Consumer
Reckitt Sales Defy Forecast as Consumers Return to Brands
- Lysol maker’s sales rose more than expected in first quarter
- Reckitt reeling from damaging court verdict about baby’s death
Reckitt Benckiser Group Plc said consumers are back shopping for brands again as the maker of Lysol cleaning products affirmed its outlook.
Sales rose 1.5% in the first quarter, ahead of analysts’ expectations, after the company sold more products like Durex condoms and Dettol disinfectant. The group still expects full-year sales growth of between 2% and 4%, and adjusted operating profit to rise by more than that.