- Unilever (UN, UL) trades lower after underlying sales rose 3.5% in Q2 to just miss the consensus estimate for a 3.7% gain.
- The company says wet weather in Europe during the quarter cut into demand for ice cream.
- Looking ahead, Unilever anticipates full-year underlying sales growth to fall in the lower half of its range of 3% to 5% and operating margin to reach 20% next year.
- Shares of Unilever are down 1.95%.
- Previously: Unilever reports 1H results (July 25)