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Unilever beats quarterly sales growth forecasts
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(Reuters) -Unilever’s first-quarter sales grew by a better than expected 4.4%, it said on Thursday, as one of the world’s biggest consumer goods companies won back shoppers who had traded down to cheaper products.
(Reuters) -Unilever’s first-quarter sales grew by a better than expected 4.4%, it said on Thursday, as one of the world’s biggest consumer goods companies won back shoppers who had traded down to cheaper products.
Unilever, which makes products ranging from Dove soaps to Hellmann’s mayonnaise, said it was confident in its ability to deliver sustained volume growth and maintained its full-year outlook.
The company increased its sales volumes by 2.2%, its second quarter of growth after several consecutive quarters of volumes falling. It raised prices by 2.2% during the quarter.
Analysts had expected sales volumes to rise by 1.2% and prices to increase by 1.8%. Its underlying sales growth of 4.4% was above the 3% estimate seen by the analysts in a company-provided consensus.
(Reporting by Agata RybskaEditing by David Goodman and Matt Scuffham)
Sales growth refers to the increase in sales revenue over a specific period, often expressed as a percentage. It indicates how well a company is performing in generating sales compared to previous periods.
Sales volumes represent the quantity of goods sold by a company during a specific period. It is a key metric used to assess a company's performance and market demand for its products.
Underlying sales growth is a measure of a company's sales performance that excludes the effects of currency fluctuations, acquisitions, or divestitures. It provides a clearer picture of the company's organic growth.
A price increase occurs when a company raises the selling price of its products or services. This can be due to various factors, including rising costs, increased demand, or inflation.
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