LONDON — Unilever announced Thursday its first-quarter profits spiked 31 percent to 1.41 billion euros, or $2.1 billion at average exchange, thanks in part to profits from divested businesses, and said it expects its full-year underlying sales growth to exceed its initial 3 to 5 percent projection.
The Anglo-Dutch consumer goods giant, which owns personal care brands, including Dove and Sunsilk, as well as a plethora of home care and food businesses, reported flat sales at 9.57 billion euros, or $14.34 billion. At constant exchange, sales grew 6 percent in the quarter, while underlying sales growth was up 7.2 percent. Unilever's operating margin, meanwhile, was 5.3 percentage points higher than the prior-year period at 19 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)