1247 GMT - Reckitt Benckiser reported a mixed set of results for 2024, with some negative factors as the company continues its turnaround journey, AJ Bell investment director Russ Mould says in a note. On the positive side, the company has progressed with its plan to reshape the business by exiting the portfolio of its noncore brands, which is on track to complete this year, Mould says. The company has also lifted the dividend payout and delivered a robust margin improvement, he says. While the drag on sales was caused by a weak cold and flu season in the U.S., there are questions regarding the strength of the core brands and whether shoppers are choosing cheaper alternatives, Mould says. Added to that, the lack of more definitive words about Reckitt's exit from Mead Johnson could also disappoint, he adds. Shares are up 2%. (michael.susin@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 07:47 ET (12:47 GMT)
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