Unilever Beats Third-Quarter Underlying Sales Estimate
Unilever achieved slightly better than expected underlying quarterly sales after winning back more shoppers with product innovations and slower price increases.
Unilever shares gained 2.6% in overnight trading.
The consumer goods giant said on Thursday it was keeping its full-year outlook for 3-5% underlying sales growth and an underlying operating margin of at least 18%.
The maker of Dove soap and Hellmann's condiments reported a 4.5% rise in third-quarter underlying sales, beating analysts' average forecast of a 4.2% increase, according to a company-provided consensus.
Underlying price growth for the quarter was 0.9% while underlying volume sales growth was 3.5%. Analysts had expected a 1% increase in prices and a 3.2% rise in volumes.
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