October 22, 2019 / 6:18 AM / a month ago

Reckitt Benckiser trims full-year forecast again as retailers cut orders

LONDON, Oct 22 (Reuters) - British household goods maker Reckitt Benckiser cut its full-year sales forecast for the second time this year, blaming a cut in retail orders of seasonal products as new Chief Executive Laxman Narsimhan took over.

The Durex condom and Lysol disinfectant maker said on Tuesday it now expected full-year like-for-like sales growth to range from flat to up 2%, down from its previous target of 2% to 3%.

Reported sales rose 5.3% in the third quarter to 3.29 billion pounds ($4.27 billion), missing analysts’ forecast of 3.32 billion pounds, according to a company supplied consensus. ($1=0.7710 pounds) (Reporting by Siddharth Cavale in London; Editing by Clarence Fernandez)

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