Price hikes help Unilever and Nestlé beat analyst estimates—but tariffs could push consumers to their limits [Fortune]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: Fortune
The rivals' growth came from higher demand for some premium products and price hikes to offset soaring cocoa and coffee prices. Unilever's underlying sales were up 3% during the first quarter, with its personal care category bringing in the most business. The London-listed company's so-called power brands, contributing to 75% of the group's turnover, saw sales jump by 3%. Unilever is in the middle of a shake-up that's seen key leadership changes and an overhaul in its business focused on streamlining and gaining market share from rivals. During the pandemic, Unilever began to lose shoppers amid price increases to offset costs. Earlier this month, the company ousted its CEO Hein Schumacher, and put CFO Fernando Fernandez in charge. Fernandez has had a single resounding message since taking on the top job: to make big changes at the consumer brand behind Dove soap and Vaseline cream. Fernandez said the company's new direction would mean “a ruthless obsession with the consumer
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- 12/12/25 - Form S-8
- 12/12/25 - Form S-8
- 12/12/25 - Form S-8
- UL's page on the SEC website