Unilever to Miss Sales Target, Putting Pressure on CEO - News Summed Up

Unilever to Miss Sales Target, Putting Pressure on CEO


LONDON—Unilever PLC warned it would miss its sales target for the year, blaming difficulties in the U.S. and other key markets and setting up an early challenge for Chief Executive Alan Jope, less than a year in the top job. The owner of Dove body wash and Ben & Jerry’s ice cream said sales growth on an underlying basis—which strips out currency and acquisition impacts—would be slightly below its guidance of growth at the lower end of 3% to 5%. Earnings, margin and cash aren’t expected to be impacted, it said.


Source: Wall Street Journal December 17, 2019 08:48 UTC



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