Unilever PLC (UL) Reports Q2 EPS of EUR1.39; provides outlook

Unilever PLC (NYSE: UL) reported Q2 EPS of EUR1.39. Revenue for the quarter came in at EUR30.43 billion, versus EUR0 reported last year.

Outlook

"In a volatile and high-cost environment, we will deliver another year of strong underlying sales growth in 2023. We expect underlying sales growth for the full year to be above 5%, ahead of our multi-year range, with underlying price growth continuing to moderate through the year. Our expectation for net material inflation for 2023 is around €2 billion of which €0.4 billion is anticipated in the second half. We continue to expect a modest improvement in underlying operating margin for the full year, reflecting higher gross margin and increased investment behind our brands."

For earnings history and earnings-related data on Unilever PLC (UL) click here.

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