Unilever

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea. The Home Care segment includes fabric category and a wide range of cleaning products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products. The Home Care segment comprises of sales of fabric care and a wide range of cleaning products. The Nutrition segment refers to sales of scratch cooking aids, dressings, and tea products. The Ice Cream segment covers primarily ice cream products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Hellman's and Dove maker Unilever has defended its position to continue its operations in Russia just dates after admitting it will allow its staff to fight if conscripted to do so. The FTSE 100 consumer goods giant said by staying in the Kremlin following its invasion of Ukraine in February 2022, it chose the “least bad” decision.

Unilever defends decision to stay in Russia

Unilever PLC (NYSE:UL ) H1 2023 Earnings Conference Call July 25, 2023 3:00 AM ET Company Participants Richard Williams - Head of Investor Relations Hein Schumacher - Chief Executive Officer Graeme Pitkethly - Chief Financial Officer Conference Call Participants Olivier Nicolai - Goldman Sachs Rashad Kawan - Morgan Stanley Jeff Stent - Exane Warren Ackerman - Barclays Celine Pannuti - JPMorgan Guillaume Delmas - UBS Tom Sykes - Deutsche Bank Alicia Forry - Investec Operator Hello and welcome to Unilever's Half-1 [ph] 2023 Results Webcast. [Operator Instructions] We would like now to hand over to Richard Williams, Unilever's Head of Investor Relations, to begin the presentation.

Unilever PLC (UL) H1 2023 Earnings Call Transcript

Strong first-half results — along with an upgrade to 2023 sales forecasts — have pulled Unilever's share price skywards in Tuesday business.

Unilever Leads FTSE 100 Higher As It Hikes Full-Year Sales Forecasts

The consumer-goods giant—a bellwether for the global economy and consumer sentiment—boosted prices to make up for soaring commodities and other costs.

Dove Maker Unilever Still Raising Prices as Volumes Slip

Unilever PLC (LSE:ULVR) reported rising prices continued to support sales growth in the first half of 2023 led by strong performances by its billion+ Euro brands. The maker of Ben & Jerry's ice cream and Dove soap said underlying sales growth in the six months to June 30 was 9.1%, driven by all business groups, with 9.4% price growth and a 0.2% drop in volume.

Unilever sales jump as rising prices offset static volumes

Unilever PLC (LSE:ULVR), the fourth of the £100bn-plus companies on the Footsie index, has benefited from inflation in the past year but this may be running out, some analysts reckon. There could be some hard questions about its Russian operations too, with the company saying it was not pulling out as it was "not straightforward" as it was accused of contributing £579mln a year to the Russian economy.

Unilever earnings lead the way in the UK on Tuesday, Google and Microsoft results due in the US

The company has faced criticism for its decision to continue to sell products and pay taxes in Russia following the country's invasion of Ukraine.

Dove owner Unilever says it will permit conscription of its Russia employees

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Earlier this month, Unilever (NYSE: UL), the parent company of beloved ice cream brand Ben & Jerry's, found itself in hot water as shares took a nosedive following a controversial 4th of July social media post.

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Unilever is a leading consumer staples company that should perform well in a slowing economy and the latest Q1 results showed price increases covering inflation. The company's stock seems reasonably priced at 15.6x TTM P/E, providing a good investment opportunity in today's expensive market. Investors may be able 6.3% free cash flow yield from Unilever, which should adjust for inflation in the long term due to the strong premium brands of the company.

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WeWork Inc., Carl's Jr., Unilever PLC, and Shell PLC are among around 400 Western companies slammed by Yale over their continuing presence in Russia, despite a major retreat from the country by more than 1,000 multinationals.

WeWork, Carl's Jr., Unilever and Shell among companies slammed by Yale over operations in Russia

Earlier this month, Ben & Jerry's released a controversial tweet on July 4, saying that the US was built on “stolen indigenous land.”

Here's how much Ben & Jerry's stock is down in a week as boycott mounts

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More than 1,000 major companies pledged to leave Russia after Vladimir Putin launched his devastating war in Ukraine, but some well-known firms stand accused by researchers of violating their pledge.

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Banks have announced dividend hikes this year, despite challenges in the financial industry. We're also seeing hikes from consumer staples like food companies. The future could be bright for large banks and consumer staples, as these sectors are seeing growing earnings and healthy margins.

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Critics are calling for a boycott of Ben & Jerry's after the ice-cream brand's July 4th tweet but parent company Unilever looks insulated from a backlash.

Ben and Jerry's Is a Boycott Target Like Bud Light. Why Stockholders Shouldn't Worry.

Ben & Jerry's parent company has lost roughly $2.5 billion in market cap amid calls to boycott the Vermont-based ice cream maker over a July 4 tweet condemning the US for existing on "stolen Indigenous land." Shares of Unilever, the Anglo-Dutch multinational firm, slid as much as 1% at Thursday's opening bell after closing down .5% the previous day.

Unilever stock loses $2.5B amid calls to boycott Ben & Jerry's over tweet

While Ben & Jerry's stirs controversy over its July 4 tweet calling on the US to return "stolen indigenous land," its corporate parent is facing criticism over its refusal to cut business ties with Russia following the invasion of Ukraine. The Vermont-based ice cream maker, a subsidiary of Unilever, caused a stir over the holiday weekend when it tweeted: "The United States was founded on stolen indigenous land.

Ben & Jerry's owner slammed for doing business in Russia in wake of July 4 ‘indigenous' tweet

Unilever PLC (LSE:ULVR) said stopping operations in Russia was "not straightforward" after the maker of Cornetto, Magnum and Marmite was estimated to be contributing £579mln a year to the Russian economy. Earlier this year the FTSE 100-listed group said it has "ceased all imports and exports" of its products into and out of Russia, and "stopped all media and advertising spend" and "all capital flows into and out of the country".

Unilever says it will continue to operate in Russia

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Despite rising interest rates and stubborn inflation, equities have shown resilience in 2023 with the SPDR S&P Trust ETF adding 6.48% in June and up 16.80% year-to-date. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 13.19% since its inception in November 2020. The list from June posted a solid gain of 5.63%, beating VYM but not SPY.

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Unilever's sales volume exceeded expectations, with higher volume across all divisions and regions. The company's latest conference call highlighted SKU rationalization and portfolio optimization. Unilever now anticipates higher sales growth and better underlying operating margin.

Unilever Is Now A Growth Story

Unilever will deliver 5% underlying sales growth in its second quarter update on 25 July, according to Jefferies though it admits it is below consensus with its estimates. One reason is that the US bank expects the price hikes that have generated most of the recent growth in revenues will tail off quickly as wholesale costs start to turn down.

Unilever heading for “significant raw material deflation”

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DMZ Announces Revamped Programming for Its Black Innovation Launchpad and Welcomes Unilever Canada's SheaMoisture as New Partner

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Consumer staples stocks have trailed the market this year, up just 0.2% compared with a roughly 15% advance for the benchmark S&P 500 index. This is somewhat surprising given the essential nature of these companies' products, which include food, personal care items, cleaning supplies and healthcare products.

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Unilever has been underperforming in the past few years, as the management team continues to disappoint in execution. The company's growth remains very underwhelming while the amount of debt and leverage continues to increase. The rapidly declining inflation should put pressure on pricing, which will likely further weigh on growth in the near term.

News for Unilever Stock (UL)