UNLYF - Unilever: Price Uptick Not Yet Matched By Business Performance
2024-06-11 12:28:53 ET
Summary
- Unilever's share price has seen a 16% increase in two months, driven by ongoing business performance and growth plan implementation.
- The company's first quarter results showed modest revenue growth, with a focus on higher quality growth through brand investment and portfolio optimization.
- Unilever's ongoing business realignment includes divestment of its ice cream business and a share buyback program, with valuation currently ahead of performance.
Consumer goods giant Unilever ( OTCPK:UNLYF ), the company behind names such as Lysol and Domestos , has seen its share price jump in the past several months. For now, though, while the business continues to perform well, it remains to be seen how the ongoing transformation and growth plan will deliver for the soapmaker....
Unilever: Price Uptick Not Yet Matched By Business Performance