Unilever sales increase in Q1, boosted by growth in emerging markets
Consumer goods giant, Unilever, has announced its results for the first quarter of 2018, reported underlying sales growth of 3.7% compared to the prior year.
The Anglo-Dutch firm said that the increase was partly due to its strong performance in emerging markets and foodservice channels.
Unilever that innovations behind its premium ice cream brands also contributed to the positive results, as the company rolled out its successful Ben & Jerry’s non-dairy platform from the US into Europe and also launched variants of Magnum Core and Praline.
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On top of this, the firm’s loose tea offering also added to the uptick in sales, driven by new innovations and market leadership.
Unilever said that Pukka Herbs organic herbal tea business which it acquired last year also performed well.
On top of this, the consumer goods giant said that it was successfully modernising its portfolio, responding to fast-growing segments such as ‘free-from’, vegan, health and wellness.
Speaking of the results, CEO Paul Polman said: “The first quarter demonstrates another good volume-driven performance across all three Divisions.
“The broad-based growth, including over 4% volume growth in emerging markets, shows that the ‘Connected 4 Growth’ programme is working and enhancing our long-term compounding growth model.
“We are further improving the quality and speed of our global and local innovation as a result of a more agile, consumer-facing organisation.
He added: “At the same time, we are maintaining strong delivery from our savings programmes and expecting to complete the exit from spreads in the middle of the year.”
IHOP becomes IHOb, and the 'b' stands for burgers
The news of the rebrand was r...
IHOP Restaurants has rebranded, and will now be known IHOb, with the ‘b’ standing for burgers, the company has said.
The news of the rebrand was revealed next week, with speculation about what the ‘b’ may stand for, with guesses ranging from brunch to bananas.
In a release, IHOb said that change in fact celebrates the debut of the brand’s new Ultimate Steakburgers, a line-up of seven mouth-watering, all-natural burgers.
To show the brand is as serious about burgers as it is about its world-famous pancakes, it’s flipped the “p” to a “b” in their iconic name for the time being, including its Twitter handle.
A flagship IHOb restaurant in Hollywood, CA, has also been completely “re-burgered”, and will offer all of the company’s new range of burgers, with its Ultimate Stakeburgers to come in seven varieties.
“Burgers are a quintessential, American menu item so it makes perfect sense that IHOP, one of the most iconic, all-American comfort-food brands in the world, would go over the top to create a delicious line-up of quality burgers that hit the spot any time of day,” said Chef Nevielle Panthaky, Head of Culinary at IHOb.
“Our new Ultimate Steakburgers are made with all-natural, 100% USDA Choice, Black Angus ground beef that is smashed on the grill to create a sear that locks in the juices and flavour.