Britain's Reckitt Benckiser , maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher prices and its nutrition and health businesses.
A worker inspects boxes of Reckitt's Dettol handwash at a distributor?s warehouse before loading them onto a truck for delivery to retailers in Mumbai, India, September 17, 2021. REUTERS/Francis Mascarenhas, maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher prices and its nutrition and health businesses.
The company said it would target like-for-like net revenue growth of mid-single digits for 2023, excluding the substantial lift its 2022 sales received from the recall of a rival's infant formula.early last year recalled dozens of infant nutrition products in the United States after customers complained of infants contracting bacterial infections.
Reckitt, its biggest rival at the time, ramped up production to fill the supply gap left by Abbott, helping to drive full-year like-for-like net sales growth of about 23% in its nutrition business.
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