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

 
• By Eileen Francis

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.

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