Unilever PLC (UL) Reports Q2 results; offers outlook

Unilever PLC (NYSE: UL) reported Q2 Revenue for the quarter at EUR16.09 billion versus the consensus estimate of EUR17.22 billion.

OUTLOOK

We continue to expect underlying sales growth (USG) for 2024 to be within our multi-year range of 3% to 5%, with the majority of the growth being driven by volume.
Underlying operating margin for the full year is expected to be at least 18%, with increasing investment behind our brands. We expect the year-on-year margin progression in the second half to be smaller than in the first half.
Our very strong gross margin progression in the first half reflects positive contributions from volume leverage, mix and net productivity but also factors that will not repeat in the second half such as, a low prior year comparator affected by high input costs, and carry-over pricing from a period of higher inflation.

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Independence Realty Trust (IRT) files mixed shelf
• Super League Enterprise (SLE) files for 1.07M share offering by selling stockholders