Unilever third-quarter sales grow less than expected

Unilever reported a pick-up in third-quarter sales on Thursday, as higher prices helped blunt commodity cost increases.

The Anglo-Dutch maker of Dove soap as well as Ben & Jerry’s ice cream said underlying sales rose 3.8 percent inside the third quarter.

The company said pricing growth in Argentina was excluded, due to its hyperinflationary status. Including Argentina, sales growth would certainly have been 4.5 percent, the company said.

Analysts on average were expecting 4.3 percent growth, according to a consensus supplied by the company.

Unilever stood by its outlook, saying the item still expects underlying sales growth inside the 3 to 5 percent range, an improvement in underlying operating margin as well as strong cash flow. the item said the item remained on track for its 2020 goals.

Regarding This kind of month’s scrapped plan to move its single headquarters to the Netherlands, Unilever Chief Financial Officer Graeme Pitkethly told Reuters the board would certainly take time to consider all the feedback the item got via shareholders before creating any further moves.

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