Unilever (UL) Q3 Guidance Sinks Consumer Staples (PG) (CL) (KMB) (CLX)
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Unilever (NYSE: UL) on Monday said it expected Q3 underlying sales growth in emerging markets to slow to 3% to 3.5%. This compares to 5% in Q2. The company said currency weakening accelerated the slow down. Developed markets is expected to remain flat to down.
The news created concerns for other consumer staples stocks, with losses across the sector. Effected stocks include: Colgate-Palmolive Co. (NYSE: CL), The Procter & Gamble Company (NYSE: PG), Kimberly-Clark Corporation (NYSE: KMB), The Clorox Company (NYSE: CLX), and Church & Dwight Co. Inc. (NYSE: CHD).
The news created concerns for other consumer staples stocks, with losses across the sector. Effected stocks include: Colgate-Palmolive Co. (NYSE: CL), The Procter & Gamble Company (NYSE: PG), Kimberly-Clark Corporation (NYSE: KMB), The Clorox Company (NYSE: CLX), and Church & Dwight Co. Inc. (NYSE: CHD).
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