Sensodyne Maker Haleon Cuts Revenue Growth Forecast on Weak Flu Season, China Disruption
9 Articles
9 Articles
Sensodyne maker Haleon cuts revenue growth forecast on weak flu season ...
Haleon shares crater as soft flu demand hits takings
Shares in Haleon slumped after soft demand for cough, cold and flu medicines forced the consumer healthcare giant to cut its revenue target. The FTSE 100 firm lost more than 11 per cent in early trading, to 333p. Haleon had been expecting revenue growth of between three and five per cent but on Thursday trimmed [...]
A mild cold season means a weak quarter for the company. Only the business with oral care products is a bright light.
Haleon's growth slows as weak cold and flu season bites
Haleon reported slower-than-expected third-quarter revenue growth as a weak cold and flu season and a regulatory issue in China held back the consumer health company. The maker of Sensodyne toothpaste and Centrum vitamins said organic revenue grew 2.6% in the quarter, below expectations, with most growth coming from price rather than volume. The battle between […]
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