Unilever plc (ADR) (NYSE:UL) stock was down today following the release of its earnings report for the third quarter of 2017.

During the third quarter of the year, Unilever plc (ADR) reported that its regional performance in North America and Europe was down. Performance in North America was down by 2.9% and performance in Europe was down by 1.6%. The company attributes this decline to hurricanes in North America and poor weather in Europe.

Despite the decline in regional performance for the third quarter of the year, Unilever plc (ADR) did see its category performance increase. This includes an increase of 3.1% for refreshments, 2.7% for foods, 4.6% for home care and 1.8% for personal care.

Underlying sales growth reported by the company for the third quarter of the year was up by 2.6% when compared to the same time in 2016. However, turnover was down by  1.6%. The company notes that this includes a 5.1% negative currency impact.

Unilever plc (ADR) also notes that underlying sales growth in developed markets were down by 2.3% in the third quarter of the year. However, underlying sales growth in emerging markets were up by 6.3% during the third quarter of 2017.

“For the full year, we continue to expect underlying sales growth within the 3 – 5% range, an improvement in underlying operating margin of at least 100 basis points and strong cash flow,” Paul Polman, CEO of Unilever plc (ADR), said in a statement.

UL stock was down 6% as of Thursday afternoon, but is up 37% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.