Unilever Sees Weaker Sales Growth Due to Emerging Market Slowdown
Posted in: UncategorizedUnilever, 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.
Post a Comment