Why Unilever Stock Jumped Higher on the Market's Down Day [Yahoo! Finance]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
The company just reported its latest quarterly financial results, which were full of pleasant surprises. And that's why Unilever stock was up 5% as of 11 a.m. ET today. A modest uptick in consumer demand In the first quarter of 2024, sales were up a little more than 4% year over year. That's a small increase, to be sure, but small gains are to be expected with a company as big as Unilever. And investors were nevertheless encouraged because the company's sales volume increased by 2.2%. For a mature consumer staples company such as this, there are three usual paths to growth. Companies can increase sales volume or raise prices -- or do both. Unilever mostly grew thanks to volume increases alone in the first quarter, which is the best path of the three. By comparison, many of Unilever's peers are struggling with sales volume right now. For example, Procter & Gamble reported financial results last week, and its sales volume was flat year over year. Investors are encouraged with Un
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