Unilever sales top estimates, but inflation casts shadow
The Peninsula
Unilever Plc on Thursday topped expectations with second-quarter sales growth, helped by higher prices and strong sales of ice-cream and teas, but warned surging commodity costs would squeeze its full-year operating margin.
The warning dragged shares of the FTSE-listed company down 4.2% making it the biggest loser on the index in morning trading. 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.More Related News