Unilever pops 6% on margin guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025
Publishing timestamp: 2024-07-25 07:15:41
Summary
Unilever shares rose after the company raised its full-year margin guidance and confirmed the spinoff of its ice cream business by 2025. The company saw sales growth across all segments, with ice cream lagging behind. Unilever raised prices due to input cost pressures and is focused on margin expansion to invest in marketing for its top brands.
Sentiment: MIXED
Tickers: ULVR-GB,
Keywords: business news, unilever plc, earnings,