By Michael Dabaie

 

Unilever PLC (UL) ADRs were down about 9% to $56.59 in heavier-than-average volume Tuesday.

Unilever said earlier that it expects 2019 underlying sales growth to be below its guidance of the lower half of a 3-5% multi-year range.

"Due to challenges in certain markets, we expect a slight miss to our full year underlying sales growth delivery," said Chief Executive Alan Jope.

For 2020, the multinational consumer goods company said it expects first-half growth will be below 3%. Full-year underlying sales growth is forecast to be in the lower half of the multi-year range, Unilever said.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

December 17, 2019 11:53 ET (16:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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