Rentokil Initial PLC
RTO: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| vVh | LOCK|F@RCm | LOCK|?SfS#^V |
Rentokil Earnings: Shares Dip as Management Announces Restructuring and Removes Margin Guidance
On the face of it, second-quarter results were not disastrous. However, shares fell by 18% in early trading as management revealed weak North American demand, a restructuring of its North American business, and the removal of its 20% North American margin target.
