Unilever Backs Guidance as Turnover Beats Forecast

By Michael Susin and Ian Walker

Dove soap owner Unilever backed its full-year guidance after reporting better than-expected turnover for the first quarter as volumes and price dynamics normalize.

The Anglo-Dutch multisector retailer--which also owns consumer brands such as Cif and Domestos cleaning products--continues to expect sales to grow 3% to 5% this year and a modest improvement in operating margin, both on an underlying basis.

Write to Michael Susin at michael.susin@wsj.com and Ian Walker at ian.walker@wsj.com