logo
Plus   Neg
Share
Email

WPP Q1 Revenue Down 4.9%

WPP plc (WPP.L,WPPGY) reported that its revenue from continuing operations for the first quarter of 2020 was 2.8 billion pounds, down 4.9% from last year on a reported basis and down 4.6% on a constant currency basis.

On a like-for-like basis, revenue was down 3.8% compared with last year.

Revenue less pass-through costs was 2.4 billion pounds, down 4.3% on a reported basis, or 4.0% in constant currency and or 3.3% LFL.

The company expects the impact of COVID-19 on its business to increase in the short term, but it is not possible to quantify the depth or duration of the impact.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
House-Autry Mills, Inc. issued a recall for its 9 ounce bottles of House-Autry Tartar Sauce due to the co-manufacturer's verification of spoilage associated with the product, according to a statement published by the U.S. Food and Drug Administration or FDA. The North Carolina-based company said the product may be unsuitable for consumption. Kimberly-Clark Corp. (KMB) on Monday reported a profit for the fourth quarter that edged down from last year, hurt by higher expenses, despite 6 percent sales growth. Both adjusted earnings per share and net sales topped analysts' expectations. The company also initiated adjusted earnings and net sales growth guidance for the full-year 2021. Shares of Philips Electronics NV were gaining around 3 percent in Amsterdam trading after the Dutch consumer electronics giant reported Monday higher results in its fourth quarter. The company also proposed dividend, and said it sees growth in fiscal 2021 comparable sales and adjusted margin.
Follow RTT