Unilever (ULVR) Stock Surges 6% - Best Day in Two Years After Big Q2 Beat
TLDR
- Unilever stock rose over 6% in London after Q2 underlying sales growth of 5.8% beat the 4.3% consensus estimate
- Volume growth of 5.5% was the strongest quarterly performance in over a decade
- Full-year outlook upgraded to 4%-6% underlying sales growth, up from the bottom end of that range
- Home Care led all divisions with 9.1% growth; Foods lagged at just 0.2%
- The planned combination of Unilever’s Foods business with McCormick remains on track for completion by mid-2027
Unilever (ULVR) stock climbed as much as 6.8% to £49.43 in early London trading on Tuesday, hitting its highest level since March 6, after the company posted stronger-than-expected second-quarter results and raised its full-year sales forecast.
The stock was up 5.8% at £48.96 by mid-morning, putting it on course for its best single day in two years. That move comes after the stock had fallen 16% since the Iran war began.
Underlying sales grew 5.8% in Q2, well ahead of the 4.3% analyst consensus. Turnover came in at €13.0 billion, up 3.8%, despite a 2.4% currency headwind.
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