UL Stock Recent News

Unilever significantly underperformed the market in the past 3 years, down -11% while the S&P500 is up almost 28%. The action plan presented by new CEO Hein Schumacher is expected to drive 3-5% annual revenue growth while modestly improving margins, which is fairly reflected in the $50 stock price. Despite solid Q4 2023 results with a return to positive volume growth and margin improvements, Unilever lacks catalysts for market-beating returns.

Unilever's trading update contained several pleasant surprises according to Deutsche Bank, which has tweaked its numbers and stuck with a ‘buy' recommendation. “Gross margin surprised to the upside as did volume growth and this before the new management have fully mobilised their action plan,“ said the bank.

Hein Schumacher, CEO of Unilever, discusses consumer behavior after the company's full-year results.

Shares of Unilever Plc (UL) advanced as the consumer products giant boosted its stock buyback program, and its CEO argued that the company has to do better.

Unilever PLC (UL) Q4 2023 Earnings Call Transcript

Unilever shares increased on Thursday after the consumer goods giant vowed to buy back another €1.5 billion worth of its own shares from shareholders, despite posting what company CEO Hein Schumacher described as “disappointing” results for the fourth quarter of 2023.

Unilever (LON: ULVR) share price popped on Thursday after the blue-chip company unveiled strong financial results. The stock surged by more than 3% in London and the trend is expected to continue in New York when the market opens.

Unilever posted a better-than-expected operating profit for 2023, with underlying sales growth of 7%, and launched a buyback to start in the second quarter.

Unilever PLC (LSE:ULVR) reported underlying sales growth in the fourth quarter as it launched a new $1.5 billion share buyback. The FTSE 100-listed firm which makes Hellmann's mayonnaise and Dove soap said underlying sales in the fourth quarter rose 4.7% to €14.2 billion, although on a GAAP reported basis sales fell 3.0%.

Axe Body Spray was a defining fragrance for the early 2000s teenage boy, but it lost some traction as the brand's offerings expanded and messaging evolved.