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Too Hot or Too Wet, Europe’s Consumer Giants See Weather Hit

  • Unilever, AB InBev, Danone cite spring rains’ sales effect
  • Overall quarterly results strong from brewer and yogurt maker
Bloomberg business news
Poor ice cream sales haven’t dampened Unilever CEO Alan Jope’s sunny mood.Source: Bloomberg
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Just as a second summer heat wave grips Europe, companies across the region are lining up to blame soggy weather earlier in the year for hitting their performance.

Unilever said Thursday that a wet spring in Europe and North America crimped demand for ice cream brands like Ben & Jerry’s and Magnum. Danone said rains held back bottled-water sales, while Anheuser-Busch InBev NV said poor weather reduced Americans’ thirst for beer despite a strong performance elsewhere.