© Reuters. Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) – Unilever (NYSE:) 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)
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