PARIS - Unilever said it expects to beat its forecast for long-term sales growth of 3 to 5 percent, and improve its underlying operating margins for the year.
Net profits for the consumer products giant jumped 60 percent in the third quarter to reach 1.71 billion euros, or $2.58 billion, thanks to business disposals.
Sales for the quarter rose 2 percent to 10.43 billion euros, or $15.71 billion, but were flat for the nine-month period at 30.37 billion euros, or $46.24 billion. Dollar figures are converted at average exchange rates for the respective periods.
"We have strengthened the business in a tough environment," Unilever’s group chief executive Patrick Cescau stated.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)