Haleon Lifts Annual Sales Forecasts, Says Pricing & Efficiencies Offset Inflationary Pressures
Portfolio Pulse from Vandana Singh
Haleon PLC (NYSE:HLN) has raised its annual sales forecasts, reporting 1H FY23 sales of £5.74 billion, up 10.6% Y/Y. The company's 1H adjusted operating profit increased 8.9% to £1.27 billion. Haleon expects full-year organic revenue growth of 7%-8%, compared with an earlier forecast of the top-end of the 4%- 6% range. Despite the positive report, HLN shares are down 2.52% at $8.33.
August 04, 2023 | 11:29 am
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Despite Haleon's positive financial report and raised sales forecasts, its shares are down 2.52%.
Haleon's positive financial report and raised sales forecasts would typically be expected to boost the company's stock price. However, the shares have fallen, possibly due to broader market trends or investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100