Unilever’s shares dipped 5 percent on the back of ‘disappointing’ third-quarter sales, according to a report published by Reuters.

The Anglo-Dutch FMCG giant saw sales rise 2.6 percent in the third quarter of the financial year, missing analyst expectations, which had pegged revenue growth at 3.9 percent. Unilever attributed the dip in performance to losing sales in the wake of a spate of hurricanes in the US and bad weather across Europe, which affected ice cream sales.

However, the company remains optimistic, reiterating its full-year forecast of sales growth between 3 and 5 percent.