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Sales & Earnings In Brief

This article was originally published in The Tan Sheet

Executive Summary

Slim Fast: Unilever is announcing a write-down of its Slim Fast brand of bars and shakes, the firm says during a second quarter earnings call Aug. 4. "Our review at the end of the second quarter resulted in a pre-tax charge of $452 mil. (€1 = $1.28) being taken to reflect a reduced view of the future size" of the brand, the firm says. The brand's value is being reviewed "in light of the continuing decline in size of the weight management category and a lower sales outlook for this part of our business," Unilever says. Slim Fast was largely responsible a 29% decline in Earnings Per Share during the quarter. Overall turnover for the quarter was up 2% to $12.8 bil...
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