Unilever exceeded expectations with first-half organic sales growth of 3.4% and an operating margin of 19.3%. Despite volume growth challenges, the company’s performance in developed markets, particularly in North America, was strong. However, sales declined in Latin America, China, and Indonesia, prompting structural changes. Unilever reaffirmed full-year guidance and plans to demerge its ice cream business by mid-November.

Read more at Morningstar: Solid Developed Market Performance Offsets Emerging Market Weakness