LONDON (Reuters) – Unilever Plc on Thursday reported a 7.3% increase in first-quarter underlying sales, beating analyst expectations as the maker of Dove soap and Ben & Jerry’s ice cream hiked prices amid soaring supply chain and energy costs.
The company also said it now expects second-half cost inflation of 2.7 billion euros ($2.8 billion) due to “the outbreak of war in Ukraine and the related increase in raw material inflation.”
($1 = 0.9511 euros)
(Reporting by Richa Naidu; Editing by Mark Potter)
