Unilever smashed quarterly sales forecasts on Thursday as another big rise in prices from the maker of Dove soap and Ben & Jerry's ice cream triggered only a small dip in volumes, sending its shares up nearly 2% in early trade.
The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File PhotoShares up almost 2%
The 10.7% increase in prices was, however, lower than in recent quarters, adding to signs inflationary pressures might be easing as input costs declined. Consumers have so far coped with the cost-of-living squeeze better than many analysts' had expected, but some warn companies could eventually take a hit to margins if shoppers start switching to cheaper brands in greater numbers.
That included a 10.7% increase in prices and a 0.2% dip in volumes. Price growth was slower versus the previousquarters, and down from a record 13.3% reported in February, while the decline in volumes improved from the 3.6% drop posted at that time.
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‘Joint’ venture: Ben from Ben & Jerry's starts pot nonprofitOne of the co-founders of Ben & Jerry’s has gone from ice cream to marijuana with a social mission. Ben Cohen has started Ben’s Best Blnz, a nonprofit cannabis line with the stated mission of helping to right the wrongs of the war on drugs. The company says on its website that 80% of its profits will go to grants for Black cannabis entrepreneurs. The rest will be equally divided between the Vermont Racial Justice Alliance and the national Last Prisoner Project, which is working to free people incarcerated for cannabis offenses.
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‘Joint’ venture: Ben from Ben & Jerry's starts pot nonprofitOne of the co-founders of Ben & Jerry’s has gone from ice cream to cannabis with a social mission. benandjerrys kprc2 click2hou
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‘Joint’ venture: Ben from Ben & Jerry's starts pot nonprofitOne of the co-founders of Ben & Jerry’s has gone from ice cream to marijuana with a social mission.
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‘Joint’ venture: Ben from Ben & Jerry's starts pot nonprofitBen Cohen, one of the co-founders of Ben & Jerry's, has started Ben's Best Blnz, a nonprofit cannabis line with a stated mission of helping to right the wrongs of the war on drugs.
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'Joint' venture: Ben from Ben & Jerry's starts pot nonprofitOne of the co-founders of Ben & Jerry's has gone from ice cream to 'blunts,' promising a line of marijuana products with a social mission.
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'Joint' venture: Ben from Ben & Jerry's starts pot nonprofitOne of the co-founders of Ben & Jerry's has gone from ice cream to ‘blunts,’ promising a line of marijuana products with a social mission.
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