By Kyle Morris

Unilever PLC said Thursday that third-quarter underlying sales and turnover rose and it raised sales guidance for the year.

The Anglo-Dutch retailer--which owns consumer brands such as Ben & Jerry's ice cream and Dove soap--said quarterly underlying sales rose 10.6% on year and that turnover increased 17.8% to 15.8 billion euros ($15.94 billion). This compares with turnover of EUR13.5 billion in the year-earlier period.

Price growth stepped up to 12.5% in the quarter, it said, with volumes declining 1.6%.

The company said that it now expects underlying sales growth for 2022 to be above 8%, with more negative underlying volume growth than in the first nine months.

The board maintained its quarterly dividend at 42.68 euro cents.

"Unilever has delivered another quarter of growth in challenging macroeconomic conditions. Underlying sales growth improved to 10.6%, led by further increases in pricing with only a limited impact on volume, and w e now expect underlying sales growth for the full year 2022 to be above 8%," Chief Executive Alan Jope said.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

October 27, 2022 02:31 ET (06:31 GMT)

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