Unilever Q4 Margins Up, Revenue Misses
Consumer goods manufacturing giant (NYSE:UL) reported mixed fourth-quarter and full-year 2024 earnings on Thursday, Feb. 13. Its underlying earnings per share (EPS) of 2.98 British pounds narrowly exceeded analyst consensus expectations of 2.965 pounds thanks to solid operational efficiency. Q4 revenue hit 14.2 billion pounds, missing the anticipated 15 billion pounds due to foreign currency headwinds.
The quarter was a mixed bag, with clear progress in margins, yet challenges in revenue realization. In its report the company provided an update on the spin-off of its ice cream business, which includes brands like Ben and Jerry’s and Magnum, saying it would be spun-off through a listing on three stock exchanges by the end of 2025.
Source: Unilever. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. Underlying = The British equivalent of "adjusted".
Source Fool.com
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