Unilever Second-Quarter Underlying Sales Growth Misses Expectations
Reuters07-25
July 25 (Reuters) - Unilever on Thursday reported worse-than-expected underlying quarterly sales after it was unable to win back shoppers it had alienated in recent years with higher prices.
While the shares gained 1.8% in overnight trading.
Unilever, which makes Dove soap and Hellmann's condiments, reported a 3.9% rise in second-quarter underlying sales, missing analysts' average forecast of a 4.2% increase, a company-compiled consensus showed.
Underlying price growth for the quarter was 1%, behind market expectations of up 1.6%.
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