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Unilever (UN) Q1 Organic Revenue Grows on Higher Pricing

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Unilever N.V.(UN - Free Report) is a British-Dutch multinational corporation and its shares listed on the NYSE are known as New York Shares. This fast-moving consumer giant commands market-leading positions in savory, dressings, tea, ice cream, deodorants and mass skin care product categories, and its products are sold in more than 180 countries.

Of late, the company has been trending higher on the back of its recent strategic business reviews, aiming to deliver profits and boost shareholder value amid sluggish growth and increasing competition in the global packaged goods industry. Consequently, the consumer products giant decided to sell its spreads business and is integrating its food and refreshment businesses into a Netherlands-based unit. The company also looks to simplify its corporate structure to ease the process of buying or disposing of businesses. Due to this, investors are eagerly awaiting Unilever’s earnings report.

Currently, UN has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. However, the Zacks Rank could definitely change following Unilever’s first quarter 2017 quarterly report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Revenue: UN’s revenues increased 6.1%, including a positive currency impact of 2.4%. Underlying revenue, excluding any impact from acquisitions, disposals and changes in currency, grew 2.9% in first quarter 2017, as the company offset volume declines with higher prices.

Key Stats to Note: Emerging markets witnessed growth of 6.1%, while developed markets declined 1.5%.

Stock Price: Shares were in-active in the pre-market trading.

Check back later for our full write up on this UN earnings report later!

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