Unilever warned it would miss its sales target for the year, a surprise announcement that puts pressure on Chief Executive Alan Jope less than a year into the role
LONDON—Unilever PLC warned it would miss its sales target for the year as it faces a host of problems in some of its key markets, a surprise announcement that puts pressure on Chief Executive Alan Jope less than a year into the role.
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.
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