Unilever Boasts Improved Profitability: 'Power Brands Led Gross Margin Expansion,' CEO Says
On Thursday, Unilever plc UL reported first-half adjusted EPS of 1.67 euros ($1.74), up from 1.39 euros a year ago.
Unilever PLC (UL) Q2 2024 Earnings Call Transcript
Unilever PLC (NYSE:UL ) Q2 2024 Earnings Conference Call July 25, 2024 3:00 AM ET Company Participants Hein Schumacher - CEO & Director Fernando Fernandez - CFO & Director Gemma S. - Global Head of Media Relations Conference Call Participants Celine Pannuti - JPMorgan Chase & Co. Jean-Olivier Nicolai - Goldman Sachs Group James Edward Jones - RBC Thomas Sykes - Deutsche Bank Jeffrey Stent - BNP Paribas Exane Guillaume Delmas - UBS Bruno Monteyne - Sanford C.
Unilever pops 6% on guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
The British company, whose vast portfolio of brands spans Dove, Axe, Knorr and Vaseline, recorded sales growth across all segments in the first half of the year.
Unilever rallies as margin expansion offsets weak sales
Unilever PLC (LSE:ULVR) shares rallied close to 6% this morning as investors shrugged off missed quarterly guidance and turned their attention to the prospect of greater profitability later in the year. Soaring to record highs at the open, the consumer goods giant said its underlying operating margin had increased by 250 bps to 19.6%.
Unilever reaping 'very powerful' costs tailwind, Barclays suggests
Unilever PLC (LSE:ULVR) second quarter might see it beat expectations for a third period running, suggest analysts at Barclays. This ‘hat-trick' would be represented by organic sales growth (OSG) of 4.4% split between volumes of 2.9% and price hikes of 1.5%.
Will Unilever show progress in its growth action plan?
Unilever PLC (LSE:ULVR) is forecast to report 4.7% year-on-year underlying sales growth in the second quarter, according to UBS analysts. Total sales volumes are tipped to expand by 3%, with an observable increase in gross margins also predicted.
Unilever share price analysis: July 25th will be crucial
The Unilever (NYSE: UL) share price has done well this year. It has risen for nine straight months, pushing it to its highest point on record.
AO Smith buys India water filter business from Unilever
AO Smith has acquired an India-based home water purification business, Pureit, from Unilever PLC (LSE:ULVR) for $120 million cash. The NYSE-listed water technology company said it expects to complete the deal by the end of 2024.
Unilever Discussing Layoffs With Workers, Up To 3,200 Cuts in Europe Reported
Unilever (UL) said it is discussing layoffs with employees following news that the diversified consumer products company would be slashing a third of its office staff in Europe.
Unilever to slash thousands of jobs in Europe
Dual-listed FMCG giant Unilever PLC (LSE:ULVR) plans to cut a third off its office-based workforce in Europe, according to a Financial Times report. Up to 3,200 team members will lose their jobs under the reported restructuring, which forms part of what Unilever has dubbed a “productivity programme”.
Unilever to cut a third of office jobs in Europe
Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to revive growth at the struggling consumer goods giant.
Aptamer Group up 14% after updates on trading an Unilever collab
Shares in Aptamer Group PLC (AIM:APTA) jumped 14% after it updated on the status of its current trading and its collaboration with consumer giant Unilever. On the latter, it is working to create Optimer binders to treat malodour in personal care products - presumably deodorants and foot sprays.
