Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in ...
REUTERS: Consumer goods giant Unilever Plc reported slightly weaker-than-expected quarterly underlying sales growth on Thursday, hit by wet weather in Europe and moderating growth in India, but kept its full-year sales target intact.
The maker of Dove soap and Ben & Jerry's ice cream said underlying sales rose 3.5per cent in the second quarter, but that missed analysts' average forecasts for a 3.7per cent rise, according to a company-supplied consensus. "It seems a bit ironic with being at super record temperatures right now, but in the quarter we are reporting, it was quite negative," Unilever's chief financial officer said on an earnings call with media.Average rainfall across 12 European cities was three times higher in April and May than the prior year, while average hours of sunshine were down between 9per cent and 25per cent in the same two months, a Jefferies analysis showed.
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