© Reuters. FILE PHOTO: The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw
(Reuters) – Unilever (NYSE:) Plc reported on Thursday higher-than-expected underlying sales growth for the second quarter as consumers cooked more meals at home but it reduced its full-year operating margin forecast due to surging commodity costs.
Underlying sales for the maker of Dove soap and Hellmann’s mayonnaise rose 5% in the three months that ended June 30, beating the 4.8% analysts had expected, according to a company supplied consensus.
The company said it now expected full-year underlying operating margins to be flat compared to slightly up earlier.
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