Unilever 1Q Underlying Sales Growth Up 7.3%

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Unilever 1Q Underlying Sales Growth Up 7.3%
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Unilever turnover and sales rose beat forecasts, despite higher input costs

Unilever PLC said Thursday that first-quarter turnover and sales rose above market expectations despite higher input costs, which it expects to normalize in 2023 and 2024.

The company's underlying sales growth rose 7.3% on year compared with a company-provided consensus forecast of 4.4%. "We now expect underlying sales growth in 2022 to be towards the top end of the previously guided range of 4.5% to 6.5%. We will ensure that we protect the health of our brands as we continue to invest competitively", it said.Write to Michael Susin at [email protected] PLC said Thursday that first-quarter turnover and sales rose above market expectations despite higher input costs, which it expects to normalize in 2023 and 2024.

The company's underlying sales growth rose 7.3% on year compared with a company-provided consensus forecast of 4.4%.

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