Latest news with #Durex
The South African
28-07-2025
- Entertainment
- The South African
ShxtsNGigs is bringing their Daddy's Home tour to South Africa
This just in… the ShxtsNGigs podcast crew will be making a pit stop in South Africa for their Daddy's Home tour real soon. The crew will be blessing our African soil for two days in two cities next January and you don't want to miss this! We hope you've been saving your coins for an event like this, because tickets go on sale sooner than you think. ShxtsNGigs is a dynamic podcast duo from the UK that features the charismatic pair James Duncan and Fuhad Dawudo. The podcast also includes Ellis and Rem. The crew have created a name for themselves with their engaging weekly podcast, where they dive into a variety of topics and share their unfiltered opinions. ShxtsNGigs is known for James and Fuhad's undeniably chemistry and sense of humour. Their popularity has surged thanks to segments such as the ' Icks ' as well as the ' Twitter Hall of Fame .' Their engaging content has not only attracted loyal fans, who stuck by even after their public faux pas in 2023, but also led to collaborations with well-known brands like Durex . Beyond the podcast and collaborations, the crew has cultivated a substantial following on social media platforms where they produce captivating short-form content that showcases their unique personalities and comedic flair. James, Fuhad, Ellis, and Rem are set to bring their highly anticipated Daddy's Home tour to South Africa in January 2026. On 24 January 2026, they will take the stage at The Golden Dome in Johannesburg. Just a few days later, they will perform at the Grand Arena, GrandWest in Cape Town. Tickets go on sale at 09h00 on Friday, 1 August 2025 exclusively from Ticketmaster . Fans are really eager to experience the crew's unique blend of humour and charisma live and honestly? Who can blame them. If their live performance will be anything like their podcast and other performances across the United States and Europe, it will certainly be a night to remember. Let us know by leaving a comment below, or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Time of India
26-07-2025
- Business
- Time of India
UK's Reckitt raises revenue outlook after second quarter beats expectations
Consumer goods company Reckitt raised its annual revenue forecast on Thursday after second-quarter net sales growth topped expectations as strength in emerging markets offset weakness in North America and Europe. Shares jumped 10% to their highest level since early 2024 and were headed for their biggest one-day percentage gain since 2000. Reckitt, the maker of Durex condoms and Lysol cleaning products, is pivoting to focus on its 11 so-called "power brands" under CEO Kris Licht, as the sector grapples with weak demand and intense competition. The company reported like-for-like quarterly net revenue growth of 1.9%, compared with 1.7% forecast in a company-compiled consensus. Reckitt also announced a new share buyback programme of 1 billion pounds over the next 12 months. Growth in North America and Europe fell short of expectations, dragged by a challenging consumer backdrop and the expected shelf reset of its flu relief medicine Mucinex due to reformulation. But strong sales in China, India and Latin America made up for weakness in those key markets. Among Reckitt's other well-recognised brands are Strepsils throat lozenges and Harpic bathroom cleaning products. "We delivered excellent growth in emerging markets and navigated a challenging consumer environment in our developed markets," Licht said in a statement. Reckitt raised its 2025 like-for-like net revenue growth forecast for its core business to above 4%, from between 3% and 4% expected earlier. It now expects overall group like-for-like net revenue growth between 3% and 4% for the year, compared with an earlier forecast of 2% to 4% growth. The company last week sold a majority stake in its Essential Home business to private equity firm Advent for $4.8 billion. It is also looking at strategic options for its Mead Johnson division, which is the subject of a number of baby formula lawsuits in the U.S. Reckitt posted operating profit of 1.71 billion pounds ($2.32 billion) for the six months ended June 30, beating analysts' average expectations of 1.66 billion pounds.
Daily Mail
24-07-2025
- Business
- Daily Mail
Demand for Durex in Europe and China boosts sales at consumer goods giant Reckitt
Sales of Durex condoms in Europe and China are boosting consumer goods giant Reckitt. Shares in the FTSE 100 firm, which also owns Dettol cleaner and Nurofen painkillers, soared 10 per cent, or 502p, to 5542p yesterday – a 17-month high. Reckitt hiked its revenue expectations after racking up sales of nearly £7billion in the first six months of 2025, and operating profit of £1.71billion, beating analyst expectations of £1.66billion. Sales were driven by a surge in demand in Europe and China, with its first non-latex condom achieving double-digit sales growth in France and Germany. It raised its sales growth expectations for this year to between 3 and 4 per cent from a previous forecast of 2 to 3 per cent. It comes after Reckitt last week agreed to sell its cleaning products unit including brands such as Cillit Bang and Air Wick to US private equity firm Advent International for £3.6billion. Reckitt, which will retain a 30 per cent stake, will refocus on its core brands, which also include Strepsils and Vanish.
Reuters
24-07-2025
- Business
- Reuters
Reckitt lifts revenue outlook on strong Asia growth, shares surge
July 24 (Reuters) - Consumer goods company Reckitt (RKT.L), opens new tab raised its annual revenue forecast on Thursday after second-quarter net sales growth topped expectations, sending shares soaring, as strength in China and India offset weakness in North America and Europe. Shares jumped as much as 11% to their highest level since early 2024 and were among the biggest gainers on the pan-European STOXX 600 index (.STOXX), opens new tab. Reckitt, the maker of Durex condoms and Lysol cleaning products, is pivoting to focus on its 11 so-called "power brands" under CEO Kris Licht, as the sector is faced with weak demand and fierce competition. The company reported like-for-like quarterly net revenue growth of 1.9%, above the 1.7% forecast in a company-compiled consensus. It also announced a new 1 billion pounds share buyback over the next 12 months. Growth in North America and Europe lagged expectations, hit by a challenging consumer environment and the expected shelf reset of its flu medicine Mucinex due to reformulation. Licht said there was some stabilisation in those regions in the second quarter, but consumption remained "suppressed". "Even though consumption is a bit lower in our categories, we're still seeing some growth, and people are still spending. It's just much more measured," he said, referring to North America and Europe. But strong sales in China, India and good growth in Brazil, Colombia, Indonesia and Malaysia made up for weakness in developed markets. Chinese consumers were responding well to new innovation behind the Dettol brand, Licht said. Reckitt raised the like-for-like 2025 net revenue growth forecast for its core business to above 4%, from a 3% to 4% range previously. "A beat and raise is a rare occurrence in this market," said analysts at JPMorgan in a note. Reckitt now expects overall group like-for-like net revenue growth of 3% to 4% for the year, up from the previous 2% to 4%. The share price was last up 9%, heading for its biggest one-day percentage gain since November 2008. Last week, Reckitt sold a majority stake in its Essential Home business to Advent for $4.8 billion. It is also exploring options for its Mead Johnson unit, which faces several baby formula lawsuits in the U.S. The U.S. litigation may have some impact on timing of the eventual exit of Mead Johnson, Licht said. Essential Home and Mead Johnson, which are considered non-core, underperformed during the quarter. Reckitt posted operating profit of 1.71 billion pounds ($2.32 billion) for the six months ended June 30, beating analysts' average expectations of 1.66 billion pounds. Some investors worry Reckitt is more exposed than rivals to U.S. tariffs due to lower U.S. manufacturing capacity compared to Haleon (HLN.L), opens new tab and Unilever (ULVR.L), opens new tab. Once its new factory in the U.S. state of North Carolina becomes operational in 2027, the share of local U.S. sales could rise to 75% from 57%, Reckitt has previously said. Licht said he is considering further U.S. investments to "increase capacity and support innovation." ($1 = 0.7368 pounds)
Reuters
24-07-2025
- Business
- Reuters
Reckitt's quarterly sales beat expectations on emerging market boost
July 24 (Reuters) - Consumer goods company Reckitt (RKT.L), opens new tab topped second-quarter like-for-like net sales growth expectations on Thursday, helped by strength in emerging markets. The maker of Durex condoms and Lysol cleaning products reported the total group's like-for-like net revenue growth of 1.9% for the quarter, compared with 1.7% expected in a company-compiled consensus. Reckitt raised its 2025 like-for-like net revenue growth forecast for its core business to above 4%, from between 3% and 4% expected earlier. Reckitt posted operating profit of 1.71 billion pounds ($2.32 billion) for the six months ended June 30, above analysts' average expectations of 1.66 billion pounds. "We delivered excellent growth in Emerging Markets and navigated a challenging consumer environment in our Developed Markets," CEO Kris Licht said in a statement. ($1 = 0.7368 pounds)
