Unilever second quarter underlying sales rise 5%, beats estimates


BENGALURU: Unilever Plc reported on Thursday higher-than-expected underlying sales growth for the second quarter as consumers cooked more meals at home but it reduced its full-year operating margin forecast due to surging commodity costs.

Underlying sales for the maker of Dove soap and Hellmann's mayonnaise rose 5% in the three months that ended June 30, beating the 4.8% analysts had expected, according to a company supplied consensus.

The company said it now expected full-year underlying operating margins to be flat compared to slightly up earlier. - Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Unilever , Dove , commodity

   

Next In Business News

Maxis posts higher service revenue, net profit in 2Q of 2021
FBM KLCI decline approaches 1,500
Taming multicloud chaos
MIER: Consumers’ finances worsen, job outlook weakens
MIER sees rocky road ahead for businesses
Ringgit opens marginally higher as greenback trades sideways
Bursa set to end July on weak note as KLCI extends losses
Maybank maintains 'buy', target price on Frontken
Lim Seong Hai Capital surges on LEAP Market debut
Robust earnings ahead for Tasco

Stories You'll Enjoy


Vouchers