Unilever's Q2 underlying sales growth at 3.9% missed forecasted 4.2% due to price-driven customer loss.
Unilever's second-quarter underlying sales growth fell short of expectations, rising 3.9% instead of the forecasted 4.2%, due to inability to win back customers alienated by higher prices. The company reported a 1% underlying price growth, while underlying volume sales growth was 2.9%. Despite the miss, Unilever maintained its underlying sales growth forecast of 3% to 5% and expects its underlying operating margin for the year to be at least 18%.
July 25, 2024
9 Articles