Unilever has said it expects earnings per share to remain flat for Q3. Despite the flat earnings growth, Unilever's trading announcement was broadly positive. Sales before acquisitions and disposals will grow at 4%, compared with 4.5% in Q3. While the recent events in the US and the risk of recession will make life tougher for all consumer-focused businesses, Unilever's Path to Growth strategy leaves it better placed than most.