Reckitt Benckiser second quarter result tops estimates, raises forecast

Reckitt Benckiser Plc reported better-than-expected quarterly results as cautious customers stocked up on Lysol and Dettol disinfectants and Mucinex cough syrup during the coronavirus pandemic

(Reuters) - Consumer products maker Reckitt Benckiser Plc reported better-than-expected quarterly results on Tuesday, as cautious customers stocked up on Lysol and Dettol disinfectants and Mucinex cough syrup during the coronavirus pandemic.

Like-for-like sales for the three months ended June 30 rose 10.5%, handily beating company-provided estimates of 7.8%.

The Slough-based company also said it expects high-single-digit underlying revenue performance in 2020 compared with the mid-single-digit sales growth initially expected.

 

(Reporting by Siddharth Cavale in Bangalore; Editing by Sherry Jacob-Phillips)