• News
  • Markets

Unilever's first quarter sales top expectations

Unilever's first quarter sales top expectations

The company said the growth it saw in ice cream "was helped by strong innovations behind our premium brands", including the recently-launched Magnum in tubs.

Improved pricing power at both companies provided an early sign of recovery for the food and beverage market after years of deflationary pressure in Europe, slowing sales in China and economic crises in Brazil and Russian Federation.

Unilever, who also owns Hellmann's mayo, rejected a surprise $143B takeover proposal from Kraft Heinz a couple of months ago citing "cultural differences". Polman acknowledged he was caught off guard by the approach from Kraft Heinz, which is controlled by the private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.

Rival Nestle (NESN.S) on Thursday reported a slowdown in quarterly sales, in line with analyst expectations.

Unilever CFO Graeme Pitkethly said on an analyst call that USA consumer spend was down throughout the quarter and noted that tax repayments and some political angst may have contributed to the subdued quarter. The firm also raised its prices, a move that led to a row with supermarket Tesco in the United Kingdom past year.

Hellman's organic
Hellmann’s organic range is drawing new consumers for Unilever

Hudson said Latin America has also seen growth in sales of health and wellness food, and with a rising overweight population in the region, the company should build on its success and raise consumer awareness of healthier product options to support its weight management brands. Distiller Pernod Ricard SA in March lifted the cost of some spirits and wines in the United Kingdom.

Positive aspects of the period for Nestlé included accelerating sales in Europe and Asia, Kepler's Cox said.

Turnover for "Home Care and Personal Care" grew 3.4 % including 2.7 % from higher prices. The refreshment unit, which includes ice cream, increased prices by 5%.

It said it aimed to cut more costs, boost margins, buy back shares, increase the dividend, sell or spin off its margarine business, combine its remaining food businesses into one unit and review its dual Anglo-Dutch structure.

Unilever's sales growth in emerging markets continued to outpace developed markets, delivering growth of 6.1% versus -1.5% growth.

Record Store Day Is Saturday-Here's What to Know
Record Junkee, which recently moved to Earl Street, is marking the day for the first time in its new location, opening at 8am. Gaddy said that in 2013 he had a line of about 20 people outside his store at the beginning of the day.

White Nationalist's Wow To Speak At Auburn Causes Outrage
The pair only got in about two punches before police took them to the ground and restrained them using plastic restraints. Police are reporting arrests linked to an appearance at Auburn University by white nationalist Richard Spencer .

Bulls early surprise of playoffs after taking 2 at Boston
Chicago coach Fred Hoiberg said he expected what is usually a high-energy Boston arena to be filled with even more emotion Sunday. Not to pile on Celtics fans, but for all the excitement of a young team grabbing that seed we're not talking about a juggernaut.

Leave Your Comment

Leave Your Comment


Latest News

  • Canadian engineering giant to buy Atkins for £2.1bn

    Canadian engineering giant to buy Atkins for £2.1bn

    The merger will create a $12.1-billion global professional services and project management company with 53,000 employees. SNC said its funding will also include an C$800 million ($594.00 million) public bought-deal offering.
    Meghan Markle will be Prince Harry's date at Pippa Middleton's wedding

    Meghan Markle will be Prince Harry's date at Pippa Middleton's wedding

    Prince Harry's such a gentleman that if there actually isn't enough room, he'll stand so his girlfriend can sit. According to reports, Meghan Markle is totally invited to Pippa Middleton's wedding as Prince Harry's date!
    Easter egg hunt at Emerald Cove Park

    Easter egg hunt at Emerald Cove Park

    After a few quick minutes, children walked away with smiling faces and baskets filled with colorful prizes. "We have a pair of St. Typically their Easter falls later than the mainstream Easter due to a different calendar, but for this year the dates line up.
  • Petroleum ministry red-flags move to shut petrol pumps on Sundays

    Petroleum ministry red-flags move to shut petrol pumps on Sundays

    While exact figures are not available on sales on Sundays, it will be around 20 per cent less", he said. He said all the outlets will have one staffer on Sundays who will supply fuel in an emergency.
    Giant iceberg draws crowds to tiny Newfoundland town

    Giant iceberg draws crowds to tiny Newfoundland town

    Ferryland Mayor Adrian Kavanagh told The Canadian Press on Monday that the iceberg looked grounded and could stick around. The big iceberg is one of many that have passed by off the coast of Newfoundland and Labrador this year.
    Trump administration is least transparent admin. in decades, ethics experts say

    Trump administration is least transparent admin. in decades, ethics experts say

    What would his tax returns say about his belief in personal civic responsibility and a fair economy? "He needs transparency. My question is you, you in Congress and in the Senate have the power to subpoena these tax returns.
  • A late contest: 6th District

    That doesn't guarantee that polls for the June runoff will be almost as predictive. "It is all Republicans, all hands on deck". On Twitter, he had called Ossoff a "super liberal" who doesn't even live in the district , and on a robocall, he went further.

    Ford unveils 1st gasoline-electric hybrid

    The VW model will be the first in a range of electric vehicles in China, said Jochem Heizmann, head of VW's China unit. For most manufacturers, they were flanked by as many as a dozen hulking SUVs that can carry up to seven passengers.
    Netflix shares on track for worst day in five months

    Netflix shares on track for worst day in five months

    The net profit is estimated at United States dollars 66 million, with the operating margin at 4.4 percent. The trend has confronted Netflix with more competition in the battle for household entertainment budgets.
  • Florida unemployment rate drops to 4.8 percent

    Florida unemployment rate drops to 4.8 percent

    Colorado, with a March unemployment rate of 2.6 percent, was among four states with the lowest rates since 1976. The last time Hawaii's unemployment rate was 2.7 percent was in June 2007.

    OPEC slashes output in March, expects shale comeback

    Despite the decline, oil prices didn't regain strength due to the inventory report amid a rise in USA oil production. Brent for June settlement was 16 cents higher at $56.39 a barrel on the London-based ICE Futures Europe exchange.
    Facebook developing tech to allow users to type with their brains

    Facebook developing tech to allow users to type with their brains

    Similar to Braille, the technology would rely on manipulating the nerve endings in the skin to send and receive messages. Products from Building 8 will be powered by a breakthrough innovation engine modelled after DARPA and shipped at scale.
  • Donald Trump greets Egyptian-American freed from Egyptian detention

    The court dropped all charges and the administration sent a government aircraft to ferry the couple back to America. Trump did not mention the case publicly when he met with Sisi.

    $13 a pack? NYC mayor wants highest cigarette prices in US

    In 2014, Eric Garner was killed when NY police officers placed him in a chokehold while trying to arrest him for selling loosies. April 20, is "All Acceptance Day" in New York City - a day when parents find out which Pre-K their child has been accepted to.
    IPhone 8 Will Be Delayed

    IPhone 8 Will Be Delayed

    Apple also wants to integrate this iPhone's home button into the display using software like Samsung did with the Galaxy S8. New evidence that Apple is creating a rear fingerprint sensor for the upcoming iPhone 8 has surfaced online.
  • Most habitable planets may lack dry land

    Most habitable planets may lack dry land

    We also expect - and hope to check with future data - that the star is very quiet at high energies as well. This is what has allowed LHS 1140b to have most likely retained much of its atmosphere.
    Bay Area in Top 10 for Worst Air Pollution Nationwide

    Bay Area in Top 10 for Worst Air Pollution Nationwide

    Kalamazoo County was the only one in West Michigan with a dropping grade, moving from an "A" to a "B" for particle pollution . Westchester County had an "F" for high ozone days, the same as past year .
    AMD officially launches Polaris Evolved RX 500 series

    AMD officially launches Polaris Evolved RX 500 series

    The RX 570, which aims for "maximum" 1080p gaming, will go for around $169, while the slightly slower RX 560 will start at $99. Just last week we had reported about the leaked specifications and box images of AMD's Radeon 500-series of graphics cards.

Breaking News



Recommended

York Region police arrest more than 100 men in child prostitution case

In a press release on Thursday, police said they have completed a multi-year operation that resulted in a large number of arrests. Police focused on men who allegedly tried to buy sex from underage individuals in a bid to curb demand, Truong said.

Match Reports: Swansea City 2-0 Stoke City

He said: "I've told the players that what we're preparing for is a World Cup final - and the next game will be the same".

Apple wants to end reliance on mining "one day"

Additionally, the report also stated that Apple's suppliers have also promised to use renewable energy by end of 2018. The ultimate aim is "to one day end our reliance on mining altogether", the company said, without specifying a date.

Trump to Sign Measures to Review Financial Regulation

The secretary of Treasury must provide the president with a report within 150 days recommending specific action. Mnuchin now says the administration still hoped to get a bill passed well before the end of the year.

FDA further restricts pain medication use in kids

Conclusively, parents should actively check for any warning labels on medication that they plan to give to their children. The FDA recommends that parents talk to a doctor before giving their children such drugs.

Justice Department Puts Pressure On Sanctuary Cities

Attorney General Jeff Sessions has warned the administration will punish communities that won't cooperate with efforts to find and deport immigrants in the USA illegally. money.

Microsoft Retiring Wunderlist Tool, Announces Replacement App Called To-Do

To-Do List arrives on Windows 10 as a universal app, so it works on both PCs along with smartphones running Windows 10 Mobile . Microsoft explains that the To-Do app offers new features including "My Day" which lists items that needed to be done.

Iraqi soldiers killed in Mosul clashes

As many as 500,000 civilians could remain in parts of western Mosul under Daesh jihadist group control, OCHA estimates. The authorities are now setting their sights on the Tigris River which divides the city.

Japan and US set framework for economic talks

The system fires missiles from truck-mounted launchers and is already deployed on Guam to defend against North Korean missiles. Pence, himself, indicated that the administration is looking for a non-military way out of the crisis.

International Monetary Fund forecasts growth of less than 1% for SA in 2017

The IMF's latest outlook for 2017 is a slight upgrade from the 3.4 per cent global growth it had forecast in January. Threats to global trade and integration, however, were given the most emphasis by Obstfeld.