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LONDON (Reuters) – Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half of a 3 to 5 percent range. Rival Nestle also reported better-than-expected first-quarter sales on Thursday cool cufflinks 2018. Following its first quarter under new chief executive Alan Jope, Anglo-Dutch Unilever also stood by its 2020 target for an underlying operating margin of 20 percent, set by Jope’s predecessor Paul Polman in the wake of 2017’s rebuffed $143 billion takeover offer by Kraft Heinz ..
Unilever’s underlying operating margin was 18.4 percent in 2018 cool cufflinks 2018. In the first quarter, Unilever’s underlying sales, stripping out acquisitions, disposals and currency moves, rose 3.1 percent. Analysts on average were expecting a 2.8 percent rise, according to a company-supplied consensus forecast. Growth was balanced, with a 1.9 percent contribution from pricing, which is less than analysts expected, and 1.2 percent from volume gains, which is more than expected. Chief Financial Officer Graeme Pitkethly told Reuters that many of the price increases were taken in emerging markets, where it is often easier to hold onto sales volume despite price increases..
ZURICH (Reuters) – Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year cool cufflinks 2018. The world’s biggest food group, with brands such as Maggi soup and KitKat bars, said its biggest markets, the United States and China, had shown a strong trend in the quarter, with the largest contributions from pet care, dairy and infant nutrition. Nestle and its peers are trying to buck a consumer trend toward fresh, locally produced foods, which has hit sales of packaged goods, by focusing on fast-growing categories like infant formula and coffee..
The company based in Vevey in western Switzerland said organic or self-generated sales growth accelerated to 3.4 percent in the first quarter, ahead of the average 2.8 percent in an Infront Data poll of analysts and 2.8 percent a year ago. “Our increased speed, innovation for a changing world and execution focus are clearly paying off,” Chief Executive Mark Schneider said in a statement on Thursday. “We confirm our outlook for the year.” cool cufflinks 2018. Nestle also said efforts to gear its portfolio more toward health and wellness, and fix or dispose of underperforming brands, were on track. It expects strategic reviews of its skin health and Herta meats businesses to be completed by mid- and late-2019 respectively..
Sales volume growth held up well in the quarter and pricing improved, thanks to price increases in Brazil and the United States, Nestle said. China maintained mid single-digit growth thanks notably to premium infant formula and Nescafe. Acquisitions of a license to sell Starbucks coffee and of Atrium Innovations, which are not included in organic growth, helped increase overall sales to 22.2 billion Swiss francs ($22 billion) cool cufflinks 2018. Vontobel analyst Jean-Philippe Bertschy said the statement had shown measures taken last year were starting to pay off, and said growth expectations would go up. He renewed his “buy” recommendation on the stock..