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European Heat Waves Boost Demand for Magnum Ice Cream

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European Heat Waves Boost Demand for Magnum Ice Cream Magnum Ice Cream Co.’s sales increased more than expected, helped by hot weather in Europe boosting demand for brands like Ben & Jerry’s and Cornetto. The world’s largest ice cream company, which also produces Carte D’Or and Wall’s brands, said organic sales grew 4.9% in the second quarter of the year, driven both by a higher number of units sold and higher pricing. This was ahead of the 2.9% growth anticipated by analysts surveyed by...

European Heat Waves Boost Demand for Magnum Ice Cream Magnum Ice Cream Co.’s sales increased more than expected, helped by hot weather in Europe boosting demand for brands like Ben & Jerry’s and Cornetto. The world’s largest ice cream company, which also produces Carte D’Or and Wall’s brands, said organic sales grew 4.9% in the second quarter of the year, driven both by a higher number of units sold and higher pricing. This was ahead of the 2.9% growth anticipated by analysts surveyed by Bloomberg.
European Heat Waves Boost Demand for (ORG) Europe (LOCATION) Ben & Jerry’s (ORG) Cornetto (ORG) Carte D’Or (ORG) Wall (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →