Reuters

Unilever sales top estimates, but inflation casts shadow

Unilever Plc on Thursday topped expectations with second-quarter sales growth, helped by higher prices and strong sales of ice-cream and teas, but warned surging commodity costs would squeeze its full-year operating margin. In Europe, ice-cream eaten out of home grew double-digits while it also saw strong consumption in markets like Turkey, China and India. Sales of teas, including Lipton and PG Tips, also generated strong volume growth in North America, Turkey, Europe and India.

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