Unilever says rising costs could cut into profits

February 10, 2022

Unilever reported that its dollar sales grew 4.9 percent in the fourth quarter on higher prices, even as overall volume remained flat. The consumer packaged goods company is forecasting sales growth between 4.5 percent and 6.5 percent this year, although it expects that its operating margin will drop between 16 percent and 17 percent due to higher raw material, packaging and supply chain costs.

Recent News

Waffle House Workers Strike for Fair Pay and Better Working Conditions

Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.