Here’s Why Unilever Just Beat Sales Forecasts

October 13, 2016, 6:39 AM UTC
TO GO WITH AFP STORY BY JULIETTE RABAT - A picture taken on June 5, 2015 shows employees walking pass the logo of Unilever at the headquarters in Rotterdam. Unilever is a multinational company in the field of food, personal care and cleaning products. In 1930, Lever Brother, a British soap maker and Margarine, a Dutch company, merged to optimize their requirements and create the multinational Unilever. AFP PHOTO / JOHN THYS (Photo credit should read JOHN THYS/AFP/Getty Images)
Photograph by John Thys—AFP/Getty Images

Price increases helped Unilever report a smaller-than-expected slowdown in third-quarter sales on Thursday.

The maker of Ben & Jerry’s ice cream and Dove soap reported underlying sales growth of 3.2% for the latest three months. Analysts on average expected growth of 2.9%, according to a company-supplied consensus, a slowdown from 4.7% in the first half of the year.

The company in July said it was expecting full-year sales to grow 3-5%, with margins improving in the historical range of 0.3-0.4 percentage points, rather than the 0.5 points it delivered in the first half.

For more on Unilever, watch Fortune’s video:

It had flagged a worsening of performance, due to tougher comparisons with an unusually strong third quarter last year and deterioration of economic conditions in markets such as Brazil and Argentina.

Read More

Great ResignationInflationSupply ChainsLeadership