Earnings Alerts

Unilever PLC (ULVR) Earnings: 3Q Underlying Sales Surpass Estimates with Notable Growth in Ice Cream and Beauty Segments

By October 24, 2024 No Comments
  • Unilever’s underlying sales growth for the third quarter was 4.5%, exceeding the estimated 4.25%.
  • Beauty & Wellbeing segment performed exceptionally well with underlying sales rising 6.7%, surpassing the 5.87% forecast.
  • Personal Care sales were slightly below expectations, growing at 4.4% against the 4.75% estimate.
  • Home Care and Nutrition segments underperformed in comparison to estimates, with sales increasing by 1.9% and 1.5% respectively.
  • Ice Cream sales surged by 9.8%, significantly above the predicted 4.3% growth.
  • Overall volume growth was strong at 3.6%, better than the anticipated 3.1% growth.
  • Revenue totaled €15.25 billion, slightly under the estimated €15.39 billion.
  • Beauty & Wellbeing revenue exceeded expectations, reaching €3.28 billion.
  • Unilever maintains its full-year sales growth forecast at 3% to 5%, primarily driven by volume.
  • Underlying operating margin is expected to be at least 18% for the full year, with increased investment in brands.
  • Power Brands like Dove, Liquid I.V., Comfort, and Magnum significantly contributed to sales growth.
  • The company is experiencing positive impacts from focusing on fewer, larger innovations supported by brand investment.
  • Analyst recommendations include 14 buys, 9 holds, and 4 sells.

A look at Unilever PLC Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Unilever PLC, a prominent manufacturer of branded consumer goods like food, detergents, and personal care items, has been assessed with Smart Scores across multiple factors. As indicated by the Smart Scores, Unilever PLC shows a promising long-term outlook. Its strengths lie in growth and momentum, scoring high marks in these areas. With a growth score of 4, the company displays potential for future expansion and development. Additionally, a momentum score of 4 suggests a strong positive trend in the company’s stock movements. While values and resilience scores are average, the dividend score sits at 3, indicating a moderate outlook for dividend payments to investors.

Overall, Unilever PLC appears to have a positive trajectory ahead, especially in terms of growth and momentum. As a dually-listed company with UNA NA, the company’s focus on manufacturing quality consumer products positions it well for continued success in the market. Investors may find Unilever PLC an attractive option for long-term investment, considering its favorable Smart Scores that point towards a bright future within the consumer goods industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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