Unilever Warns of More Price Hikes as Inflation Worsens

Unilever Warns of More Price Hikes as Inflation Worsens
The logo of Unilever is seen at the company's office in Rotterdam, Netherlands, on Aug. 21, 2018. Piroschka van de Wouw/Reuters
Reuters
Updated:

Unilever warned inflation was likely to accelerate next year and its prices would have to rise further as consumer goods companies battle to offset surging energy and other costs.

The maker of Dove soap and Knorr soup beat third-quarter sales growth forecasts on Thursday and kept its full-year profit margin guidance, defying some analysts’ fears of a cut.