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Reckitt Misses Revenue Forecast Amid Rising Oil Prices

Reckitt reported 1.3% revenue growth, missing analyst estimates. The company warned of lower margins due to high oil prices and a weak cold and flu season.

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RECKITT BENCKISER GROUP PLC shares dropped as much as 7% to their lowest level since late 2024 after the company missed quarterly revenue targets and warned of a decline in first-half margins. The consumer goods giant is currently navigating a volatile economic landscape marked by rising oil prices, weak consumer sentiment, and geopolitical instability involving Iran.

A display of Lysol cleaning supplies, manufactured by Reckitt Benckiser Group PLC, is pictured at a store in Manhattan, New York City, U.S., on March 24, 2022. REUTERS/Andrew Kelly
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