Unilever Delivers Q3 Growth On Pricing As US, European Consumers Tighten Purse Strings

In Europe in particular “consumer sentiment is deteriorating,” CFO Graeme Pitkethly said during the firm’s 27 October third-quarter earnings call. Unilever has more pricing actions planned but recognizes that consumers are having to make trade-offs due to inflation and private label is gaining share in some product categories.

Unilever PLC saw only a small decline in sales volume in the third quarter after increasing pricing across its portfolio by 12.5%, reportedly its highest level yet, but the firm warned recession concerns are growing and inflation is prompting a pullback in consumer spending in the US and Europe.

The British company reported underlying sales growth of 10.6% to €15.8bn ($15.74bn) in the third quarter, with pricing accounting largely...

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