0741 GMT - Reckitt Benckiser's essential home business made a slow start to the year, which might raise some questions, Barclays analysts say in a research note. The business was significantly weaker than expected in the first quarter, as the U.K. consumer-goods company posted a 7% decline in like-for-like net revenue for the segment while Barclays anticipated a 2% fall, the analysts say. "The timing of operational weakness in Essential Home is unfortunate as Reckitt is attempting to exit the business," the analysts say. Nevertheless, Reckitt seems to be delivering on its plan overall, according to Barclays. The company's operations in emerging markets and its condoms business achieved double-digit sales growth, largely driven by volume, Barclays says. Shares fall 5.1%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 03:43 ET (07:43 GMT)
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