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Unilever Boasts Improved Profitability: 'Power Brands Led Gross Margin Expansion,' CEO Says
On Thursday, Unilever plc (NYSE:UL) reported first-half adjusted EPS of 1.67 euros ($1.74), up from 1.39 euros a year ago.
The British multinational fast-moving consumer goods company reported sales of 31.12 billion euros ($33.7 billion), up 2.3% year-over-year (underlying growth of 4.1%).
Unilever’s underlying price growth for the first half was 1.6%, with underlying volume sales growth of 2.6%.
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Second quarter sales increased 2.2% to 16.09 billion euros.
Unilever’s underlying price growth for the quarter was 1%, with underlying volume sales growth of 2.9%.
The consumer products giant reported an underlying operating profit of 6.1 billion euros, up 17.1%, with a margin ...