GSK Achieves Strong Sales Growth In Q1 Despite Cost Of Living Pressures On Consumers

GSK Consumer Healthcare's CEO Brian McNamara said he had not seen signs that the cost of living crisis was impacting consumer purchases, with sales at the business up 16% in Q1.

LONDON- JUNE, 2018: The GlaxoSmithKline headquarters building in Brentford, west London. A British global pharmaceuticals company.
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GlaxoSmithKline Consumer Healthcare looks to be in good shape ahead of its transition to standalone company Haleon in July. The business posted Q1 sales up by 14% – 16% at constant currencies and excluding the impact of divested brands – to £2.63bn ($3.29bn) as its cold and flu brands rebounded from an historically low level in the prior-year period.

Operating profit jumped by 21%, lifting the margin to 24.7%. A combination of volume growth and price increases – as...

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