Price hikes help Unilever beat forecasts

STORY: Investors were happy with Unilever on Tuesday (July 26).

Shares rose as much as 3% early on after the consumer goods giant raised its full-year sales guidance.

It made the call after it saw underlying sales growth of just over 8% in the first-half - above analyst projections.

The British company said that was helped by strong pricing to make up for inflation

Unilever’s outgoings have surged since the start of the health crisis.

The war in Ukraine has since raised energy costs and sent the costs of some raw materials to record highs.

Now rising prices have retailers worried, and pushing back against hikes by groups like Unilever.

Walmart slashed its profit forecast on Monday (July 25), saying inflation was making customers cut back.

But Unilever said the retailer's decision had different features to its own outlook.

One of those was that it was more related to general merchandise and clothing.

Analysts described Unilever’s results as ‘good’.

They said pricing was better than expected and volumes were in line.

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