Movement Alert｜Haleon Falls 14.45% in Regular Trading, Full-Year Organic Sales Guidance Cut to About 2.5%

Market Focus10-30 00:13

On October 30, Haleon fell 14.45% in Regular Trading, trading near $8.5601 per share, with turnover of $283 million.

The move followed a third-quarter update showing revenue of 2.87 billion pounds, up from 2.8 billion pounds a year earlier but below the 2.93 billion pounds expected by analysts, while the company lowered full-year organic sales growth guidance from 3% to 5% to about 2.5%.

Management said the guidance cut was linked to China import halts and adjustments in Brazil. Haleon also announced an additional 500 million pound share buyback expected to be completed before full-year results in February, but the market focused more on the weaker growth outlook, and the stock touched a 52-week low.

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