Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaigns
Unilever PLC (LSE:ULVR) has nudged its full-year outlook upwards after posting its strongest quarterly volume growth in more than a decade. The consumer goods group reported underlying sales rose 5.8% in the second quarter, ahead of the 4.14% City analyst consensus and up from 3.8% in the first quarter.
Underlying sales for the Dove soap maker rose 5.8% on year in the second quarter, compared with 3.1% a year ago, excluding ice-cream.
Consumer goods giant Unilever beat second-quarter sales growth estimates on Tuesday, helped by higher volumes and prices, as its home care and beauty brands benefited from consumers reaching for trusted household names despite uncertainty from the Iran war.
The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs, inflation, and retail sales data for July, all of which could influence the Bank of England's next policy decision.
The maker of spices and seasonings said the London listing would come in addition to its current listing on the New York Stock Exchange.
Barreto said brand leaders thought Vaseline was a straightforward beauty brand, but they learned that customers use the product in many different ways — like on their dog's noses or in their shoes. "We started understanding we should give the brand back to the communities and let them do with it what was more relevant for them," Barreto said.