Unilever's Power Brands drive sales growth, volume up in Q1 [Yahoo! Finance]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
Unilever's Power Brands segment, which makes up 75% of the company's turnover, reported underlying sales growth of 6.1%. This growth was driven by a 3.8% increase in volume. Dove, Knorr, Rexona, and Sunsilk were all highlighted as contributing factors to the Power Brands' success. The Beauty & Wellbeing category led volume growth across all categories with a 5.6% increase. Health & Wellbeing and Prestige Beauty segments both continued their double-digit growth trends. Sales growth in Personal Care (4.8%) was positive despite facing a difficult comparison to a strong performance in the same quarter of the previous year. Home Care underlying sales grew 3.1%. This increase was driven by volume growth (4.3%) which offset a slight decline in price. Nutrition sales grew 3.7% with a slight volume decline (-0.4%). The company expects volume growth in Nutrition to pick up as the year progresses. Ice Cream sales grew 2.3%, driven primarily by price increases. As previously announced,
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