Unilever Buoyed by Higher Prices but Loses Some Shoppers

by | Jul 26, 2022 | Business

Unilever PLC said it lost some shoppers to generic store brands as the Dove soap owner pushed through big price increases to offset soaring commodity costs.The London-based company on Tuesday reported an 8.8% rise in second-quarter underlying sales growth, driven by an 11% increase in prices. Volumes slipped 2.1%, driven by declines across all of Unilever’s major categories—home care, food and refreshments, and beauty and personal care.

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