Unilever Set to Report Second-Quarter Earnings


Unilever, the Anglo-Dutch multisector retailer, is scheduled to release its second-quarter earnings on Tuesday. Here are the key details you should know:

Underlying Sales Growth Forecast

Analysts are predicting a quarterly underlying sales growth of 6.4% for Unilever. This forecast is based on a consensus derived from the company’s website. The expected growth in pricing is 7.7%, but this is partially offset by an anticipated 1.2% drop in volumes. In the first quarter, the company experienced accelerated underlying sales growth of 10.5% year-on-year.

Turnover Expectations

Unilever is expected to report a turnover of EUR15.59 billion euros ($17.34 billion) for the second quarter. This figure is slightly lower than the EUR15.8 billion reported during the same period last year, according to the consensus forecast provided by the company.

What to Keep an Eye On

  • Underlying Operating Profit: Unilever’s preferred metric for assessing performance is the underlying operating profit. The consensus forecast suggests a figure of approximately EUR4.91 billion for the first half of this year, compared to EUR5.0 billion in the previous year.

  • Outlook: Looking ahead to the full year, Unilever expects underlying sales to grow by 6.1% in 2023, with an underlying operating margin of 16.4%, based on the company-compiled consensus. This growth is expected to be driven by a slight decrease in volumes (0.2%) and a 6.3% increase in prices.

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