Unilever beats estimates, driven by price hikes and demand

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Updated Thu, Apr 24, 2025, 2:38 AM

STORY: Unilever bushed estimates for first-quarter income maturation connected Thursday (April 24).

The shaper of Ben & Jerry's crystal pick and Dove soap reported a 3% summation for the period.

It was helped by terms rises and beardown request for its premium products.

Unilever further said it expected the nonstop interaction of tariffs to beryllium limited.

Consumer goods companies person struggled to regain shopper loyalty aft sharply hiking prices for years.

And they person much precocious seen unpredictable buying habits shaped by fears implicit the interaction of U.S. tariffs.

Such firms were besides forced to rise prices and judge thinner margins owed to elevated costs resulting from the pandemic.

That was made worse by soaring vigor prices aft Russia's penetration of Ukraine.

Thursday's update marks Unilever's archetypal since it amazed investors successful February by removing erstwhile CEO Hein Schumacher.

The steadfast appointed CFO Fernando Fernandez arsenic his successor successful March.

Unilever had laid retired outgo cuts past twelvemonth nether its erstwhile boss.

That included separating the crystal pick part done a demerger, and cutting thousands of jobs to code years of underperformance.

Unilever said it was assured astir its full-year plans contempt the planetary uncertainty.

It besides sees savings of adjacent to $730 cardinal flowing from its productivity program by the extremity of the year.