(Reuters) -Unilever announced a 3 billion euro ($3.6 billion) share buyback and said it was confident of hitting sales targets this year, after demand from home cooks and China helped it to beat first-quarter sales expectations.
FILE PHOTO: TRESemme products, a Unilever Plc brand are seen on a shelf at a store in Johannesburg, South Africa, September 8, 2020.
Underlying sales jumped 5.7% in the three months to the end of March, topping analysts’ average forecast of 3.9%, according to a company supplied consensus.
Underlying sales in the group’s food and refreshments business, whose brands include Hellmann’s mayonnaise and Knorr soups, jumped 9.8% in the quarter, helped by strong demand for home consumption in North America and Europe.
In February, Jope said Unilever would focus more on high growth categories such as plant-based foods, beauty products and nutritional supplements, and aim to appeal more to younger consumers.
”, Steve Clayton, Hargreaves, Alan Jope, Pitkethly, Knorr, ” Jope, Jope
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