Reckitt shares tumble 7% on Q4 miss and revenue restatement

Reckitt Benckiser Group shares opened 7% lower after the Anglo-Dutch consumer products group's fourth-quarter performance fell short of expectations, and an understatement in trade spend that affected its full-year net revenue figure. This underperformance was attributed to reduced sales of cold and flu products during the season. Despite this setback, Reckitt said it remains optimistic about the future, projecting a 2-4% increase in like-for-like net revenue growth for the upcoming year, with particular co ...