Unilever: Upcoming Ice Cream Exit Could Be A Huge Step In The Right Direction [Seeking Alpha]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
Company Research
Source: Seeking Alpha
This division, although a sizeable part of the company, has been relatively underperforming over the years and is more capital-intensive. It seems that Unilever's restructuring plans are switching into higher gears, and the ice cream exit could be the first step of many improvements. These developments seem very promising for the shareholders of Unilever and could eventually make the company's underperformance a distant memory. I believe the company has a short-term upside potential of 10%. Earlier this week, consumer goods giant Unilever ( NYSE: UL ) announced that it is planning to exit the ice cream business and cut away 7,500 jobs as a result of launching its productivity program . Also, this program would lead to a total of around €800M of cost savings over the next three years, offsetting restructuring costs arising from the exit of the ice cream business. The restructuring is likely to be an impactful step for Unilever, although I was surprised by the exit from an en
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- 4/25/24 - Form 6-K
- 4/5/24 - Form 6-K
- 3/19/24 - Form 6-K
- UL's page on the SEC website