Rentokil Initial plc (NYSE:RTO) shares are trading lower Wednesday after the company revised the guidance for the second half of FY24.
The company projects organic revenue growth for North America operations to be about 1% in the second half of 2024, with operating profit anticipated to be impacted by higher sales, service, and other costs.
During its first-half results announcement, Rentokil disclosed expecting North America organic revenue growth at the lower end of the 2% – 4% range for the year.
The revised growth forecast is estimated to have ...
