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GSK raises annual forecasts again on strong Arexvy launch

Analysts expect GSK's RSV vaccine Arexvy to power future growth, stemming worries about the strength of its pipeline of drugs in development and costly U.S. litigation over discontinued heartburn drug Zantac. Arexvy, launched in the United States recently, is expected to garner full-year sales of between 900 million pounds to 1 billion pounds ($1.22 billion), GSK said. The London-listed drugmaker said it now expects a rise of 17% to 20% in annual adjusted earnings per share, excluding the e...
City Of United Kingdom United States Subhranshu Sahu Eva Mathews Respiratory Syncytial Virus
Source: aol.com

American Eagle Outfitters lifts revenue forecast on steady demand

(Reuters) -American Eagle Outfitters on Wednesday joined rival Abercrombie & Fitch in raising its annual revenue forecast, betting on steady demand for its wide-legged pants, tops and accessories despite still-high inflation. Its profit of 25 cents per share was higher than estimates of 16 cents.
United States Jay Schottenstein Devika Syamnath Abercrombie Fitch Rachel Wolff Granth Vanaik
Source: yahoo.com

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Campbell Soup expects profit to top estimates thanks to higher prices

Campbell Soup forecast annual profit largely above Wall Street estimates on Thursday, encouraged by easing costs and steady demand for its snacks even as inflation-weary consumers trade down to cheaper private-label soups and packaged meals. Packaged food majors have passed on higher input costs to customers through price increases over the past year, and their margins are now also benefiting from easing expenses tied to supply chain, packaging and commodities. Campbell's snack brands - inc...
Deborah Sophia Shinjini Ganguli Campbell Soup Steady Demand
Source: yahoo.com

Church & Dwight lifts annual targets on higher prices, steady demand

Consumer goods companies have been jacking up prices of their products to safeguard margins from spiraling costs linked to manufacturing, supply chain, raw materials, labor and a stronger U.S. dollar. Yet, they have seen minimal resistance from customers, who have otherwise cut back on discretionary spending including apparel and home goods in the face of still-high food prices and rentals. However, investors have now started flagging their concerns about higher prices to consumer good compani...
Maju Samuel Granth Vanaik Church Dwight Personal Care Products Food Prices Annual Sales
Source: yahoo.com

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