Unilever Q3 Reflects Earth-Friendly Innovation, ‘Thoughtful’ Pricing As Macro Conditions Worsen
Unilever plc dialed up prices almost 4% in the third quarter in its Beauty and Personal Care division, more than offsetting volume decline to achieve 2.6% underlying sales growth to €5.7bn. Outstanding brand innovations include refillable deodorants and eyeshadow palettes and biodegradable shampoo.
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P&G raises prices on 9 of its 10 US product categories, rolling out increases in grooming, skin care and oral care products now. High commodity costs prompted it to increase its outlook for headwinds of $2.1bn for its FY2022.
“We are still managing in COVID times,” says CEO Alan Jope during Unilever’s 22 July call to discuss fiscal 2021 first-half results.
In first-of-a-kind deodorant/antiperspirant launches, P&G introduces Secret antiperspirants targeting 60% of women who want underarm products that address skin problems, and Unilever unveils first refillable deodorant product.