Anglo-Dutch company Unilever has reported an increase in underlying sales for Q3 of 3.8% after eliminating growth from Argentina because of high inflation. Analysts called the results "solid" and "unexciting", while Unilever said it was on track to achieve its 2020 targets. On a later conference call with analysts, Unilever said it expects 2018 sales growth at the bottom end of the 3-5 percent range, but possibly a little higher. The world's biggest food retailer Tesco is also reporting a fall in sales, but analysts expect that this will be offset by higher prices at other retailers.
Anglo-Dutch company Unilever has reported an increase in underlying sales for Q3 of 3.8% after eliminating growth from Argentina because of high inflation. Analysts called the results "solid" and "unexciting", while Unilever said it was on track to achieve its 2020 targets. The world's biggest food retailer Tesco is also reporting a fall in sales, but analysts expect that this will be offset by higher prices at other retailers.