Unilever Sees Weaker Sales Growth Due to Emerging Market Slowdown


Unilever, the world’s second-largest consumer-goods maker, said sales growth weakened in the third quarter amid a slowdown in emerging markets. The move sent shares down the most they’ve dropped in nearly two years.

Underlying revenue for the three months rose 3% to 3.5%, the maker of Lipton tea and Dove soap said in a statement after markets closed yesterday. That compares with 5% in both the first half and second quarter.

Unilever blamed the sluggishness on weak currencies in some developing countries, though repeated its full-year goals. The marketer gets about 57% of sales from emerging regions, making it susceptible to slowing economies in nations such as India and China.

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