UnileverNYSE: UL

Dublin, June 20, 2024 (GLOBE NEWSWIRE) -- The "Unilever - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. The report provides comprehensive information and insights into Unilever's tech activities, including its digital transformation strategies and innovation programs. It offers an overview of Unilever's technology initiatives, covering partnerships, product launches, and acquisitions.

Unilever PLC (LSE:ULVR) has suffered a blow with the departure of the chief executive of its Prestige Beauty business to set up an investment fund, says Deutsche Bank. While the business accounts for only about 2% of sales, the bank notes that it has been growing “consistently double-digit” and Unilever has ambitions to double its size.

Unilever has outperformed its consumer goods sector by 15% recently, but there is still more to go believes Citigroup. There is scope for relative consensus earnings upgrade in the short-term and longer-term re-rating  potential, in a sector lacking other ‘clean' turnaround stories or relatively cheap growth compounders.

We believe that Nike (NYSE: NKE) is currently a better pick over Unilever (NYSE: UL). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style.

Unilever PLC (NYSE:UL ) Deutsche Bank Global Consumer Conference 2024 June 4, 2024 5:15 AM ET Company Participants Hein Schumacher - CEO Fernando Fernandez - CFO Conference Call Participants Tom Sykes - Deutsche Bank Tom Sykes Good morning, everybody, and welcome to this session with Unilever. I'm Tom Sykes, Head of the Consumer Staples Research Team in Europe.

Unilever's share price has risen 15% in the last month. Despite this increase, the company's forward dividend yield remains a robust 3.4%.

Nelson Peltz has invested in and taken a board seat with Unilever. The giant consumer staples maker is reshaping itself in a similar way to P&G.

Unilever, the multinational CPG company worth $64 billion, recently announced a solid 4.4% growth in sales for the first quarter, with its Beauty and Wellbeing division leading the way with a 7.4% increase.

Unilever PLC will be holding a conference on April 25, 2024 at 3:00 AM ET to discuss their Q1 2024 Sales/Trading Statement. CEO Hein Schumacher, CFO Fernando Fernandez, and Head of Investor Relations Jemma Spalton will be participating in the conference. Various analysts from banks such as Barclays, JPMorgan Chase, and UBS will also be present. Hein Schumacher will begin the conference with a welcome and introduction to Unilever's First Quarter 2024 Trading Statement.