July 24 (Reuters) -
British consumer goods group Reckitt lowered its
full-year sales growth forecast for 2024 on Wednesday, due to
supply disruptions at its infant formula business after tornado
damaged a third-party warehouse in the U.S.
Reckitt, which makes Dettol and Lysol disinfectants,
also said it had missed like-for-like net sales growth
expectations for the second quarter.
The Mount Vernon warehouse in Indiana, out of action since
the tornado struck on July 9, is an important site for the
company's Mead Johnson Nutrition business, containing both raw
materials and finished products.
For the full year, Reckitt now sees like-for-like
revenue growth of 1-3%, down from its previous forecast of a
2-4% rise.
For the first half of 2024 Reckitt reported adjusted
operating profit of 1.68 billion pounds ($2.16 billion), higher
than the 1.63 billion pounds seen by analysts polled in the
company consensus.
($1 = 0.7763 pounds)