KONTAN.CO.ID - LONDON. Consumer goods giant Unilever Plc said on Tuesday it expects sales growth in 2019 to be slightly below its prior expectations, blaming a slowdown in South Asia and weakness in North America. The Ben & Jerry's ice cream and Dove soap maker said despite early signs of improving performance in North America, its biggest market, a full recovery would still take time. Developed economies have been a drag for Unilever for several quarters, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.
Unilever lowers 2020 sales growth forecast on slowdown in south Asia
KONTAN.CO.ID - LONDON. Consumer goods giant Unilever Plc said on Tuesday it expects sales growth in 2019 to be slightly below its prior expectations, blaming a slowdown in South Asia and weakness in North America. The Ben & Jerry's ice cream and Dove soap maker said despite early signs of improving performance in North America, its biggest market, a full recovery would still take time. Developed economies have been a drag for Unilever for several quarters, where growing numbers of consumers are turning to fresher foods, niche brands or cutting back on spending.