Unilever PLC (UL) Reports FY EPS of EUR2.60; initiates outlook

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Go back to Unilever PLC (UL) Reports FY EPS of EUR2.60; initiates outlook

Unilever (UL) posts higher-than-estimated 2023 net profit, shares rise

February 8, 2024 5:21 AM EST

Unilever PLC (NYSE: UL) reported better-than-expected net profit for the fiscal 2023 and announced a new buyback program.

The companys shares rose 3.8% in premarket trading Thursday.

For the full 2023, the consumer goods company reported earnings per share (EPS) of 2.60, while revenue came in at 59.6 billion.

Net profit amounted to 6.49 billion for the year, a decrease from 7.64 billion in 2022 but surpassing the consensus estimate of 6.23 billion from FactSet.

Turnover for the year declined slightly to... More