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Unilever blames poor weather for slowing growth

  • Unilever reported a 2.6 percent rise in underlying third-quarter sales
  • The consumer goods maker said that third quarter turnover feel by 1.6 percent, hit by foreign exchange rates
SeongJoon Cho | Bloomberg | Getty Images

Consumer goods maker Unilever reported a 2.6 percent rise in underlying third-quarter sales on Thursday, blaming poor weather in Europe and natural disasters in the Americas.

That was down from 3 percent growth in the first half of the year.

The maker of Dove soap and Ben & Jerry's ice cream, which in February rebuffed a $143 billion takeover bid from Kraft-Heinz, said turnover fell by 1.6 percent, hurt by a 5.1 percent hit from foreign exchange rates.

The company stood by its full-year forecast for sales growth of 3 to 5 percent.