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STORY: Unilever shares gained as much as 5% on Tuesday (July 25) morning.

Investors were pleased the maker of Ben & Jerry's ice cream and Dove soap beat growth forecasts.

The British firm reported a near 8% rise in underlying second-quarter sales, well beyond analyst projections.

The company's profits were also up after it raised prices to offset higher costs.

Unilever said it expected sales growth for the full year to beat multi-year projections.

It also said it expects prices and costs to keep rising.

The consumer goods industry has struggled with soaring inflation for about two years.

That as everything from sunflower oil to shipping and packaging has become more expensive.

The health crisis and Russia's invasion of Ukraine combined to send energy costs to record levels last year.

Top U.S. and European investors have flagged concerns about high prices to consumer goods companies.

Some believe food makers risk losing customers.