Unilever ups sales guidance after price hikes help it beat forecast

Published by
Reuters

By Richa Naidu LONDON (Reuters) -Unilever Plc raised its full-year sales guidance after beating first-half underlying sales forecasts as the maker of Dove soap and Knorr stock cubes hiked prices to counter soaring costs, sending its shares up 2.7% on Tuesday. One of the biggest consumer companies in the world, making everything from laundry detergent to ice cream, Unilever’s costs have surged since the start of the COVID-19 pandemic created global supply chain logjams. War in Ukraine has since boosted energy costs and sent prices of raw materials such as wheat, sunflower oil and pulp used in p…

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