Unilever Boasts Improved Profitability: 'Power Brands Led Gross Margin Expansion,' CEO Says
Portfolio Pulse from Vandana Singh
Unilever plc (NYSE:UL) reported strong first-half financial results, with adjusted EPS rising to 1.67 euros and sales increasing to 31.12 billion euros. The company saw significant growth in its Beauty & Wellbeing and Personal Care segments. Unilever's underlying operating profit rose by 17.1%, and the company continues to focus on high-quality sales growth and gross margin expansion. The stock is up 6.3% following the announcement.
July 25, 2024 | 1:59 pm
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Unilever reported strong first-half financial results, with adjusted EPS rising to 1.67 euros and sales increasing to 31.12 billion euros. The company saw significant growth in its Beauty & Wellbeing and Personal Care segments. Unilever's underlying operating profit rose by 17.1%, and the company continues to focus on high-quality sales growth and gross margin expansion. The stock is up 6.3% following the announcement.
Unilever's strong financial performance, particularly in key segments like Beauty & Wellbeing and Personal Care, indicates robust business health. The significant rise in EPS and operating profit, along with positive stock movement, suggests a favorable short-term impact on the stock price.
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