Jul 25, 2023
Marmite maker Unilever's sales soar after hiking prices
Marmite and Cornetto maker Unilever has reported sales of more than €30bn over six months, based almost entirely on raising its prices. The consumer goods giant said that across the business, sales as measured by prices grew by 9.4%, but the number of goods that it actually sold fell. Supermarkets, such as Tesco, have been critical of suppliers lifting their prices amid high inflation. Food costs have been one of the biggest drivers behind high UK inflation, which measures the pace at which prices are rising. Across the entire business, Unilever said total sales hit €30.4bn and pre-tax profits jumped by 21% to €5.2bn..
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