NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Investing

Unilever is not seeing signs of ‘peak inflation’ in the U.S.

by September 6, 2022
written by September 6, 2022

Consumer prices hinted at “peak inflation” as they eased to 8.5% in July (read more). Still, Alan Jope – the Chief Executive of Unilever plc (LON: ULVR) has a different outlook.

Highlights from CEO Jope’s interview on CNBC

This evening on CNBC’s “Closing Bell”, Jope said the multinational consumer goods company was yet to see signs that inflation had indeed peaked in the United States.

Commodities we use across agricultural and petrochemical-derived raw materials, paper and board, freight distribution, logistics – we’re not seeing an easing off in our landed costs. So, any early optimism that inflation has peaked is misplaced.

Jope expects the inflationary pressures to still be with us in the coming months. Consequently, the London-headquartered firm, he confirmed, was still raising prices sequentially.

In late July, Unilever reported an underlying sales growth of 8.8% for its fiscal second quarter.

Consumer is keeping strong in the face of inflation

On the bright side, though, the Chief Executive is convinced that Unilever plc is well-positioned to withstand the macro headwinds, especially since the consumer is keeping strong. He added:

We’re seeing continued strength in Asia. Latin America and Africa continue, in very difficult circumstances to deliver strong growth. We’ve seen the U.S. to be fairly resilient. Europe’s softer but by and large, there’s a limited down trading.

He dubbed the company “undervalued” and said Unilever was working with Nelsen Peltz (activist investor it recently named to its board here) to unlock the trapped value.

It might be an opportunity to buy Unilever shares down 20% for the year at present considering the Wall Street sees upside to $50.27 on average.

The post Unilever is not seeing signs of ‘peak inflation’ in the U.S. appeared first on Invezz.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Coupa shares jumped 15% after the bell: what’s fuelling the stock?
next post
Russia suspends gas supply to Europe: what does it mean for the energy trade?

You may also like

Disney Q1 earnings report: ‘this stock is unmatched...

February 9, 2023

Bank of America sees a 50% upside in...

February 8, 2023

Google stock loses 9.0% after it’s A.I event:...

February 8, 2023

Ex-Coinbase manager pleads guilty to insider trading charges

February 8, 2023

U.K. CMA issues provisional decision on Microsoft-Activision deal

February 8, 2023

Nasdaq 100 forecast – can index continue to...

February 8, 2023

Jim Cramer is bullish on Uber stock after...

February 8, 2023

Summary of Powell’s remarks and what it means...

February 8, 2023

Best undervalued Bill Ackman stocks for 2023

February 8, 2023

What’s happening to Chipotle stock in extended hours?

February 7, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    My Trigger to Enter $VAPR

  • 2

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 3

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 4

    Pay Attention to These Stocks

  • 5

    New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

Recent Posts

  • Disney Q1 earnings report: ‘this stock is unmatched anywhere else’

    February 9, 2023
  • Bank of America sees a 50% upside in this travel stock

    February 8, 2023
  • Google stock loses 9.0% after it’s A.I event: buy the dip?

    February 8, 2023
  • Ex-Coinbase manager pleads guilty to insider trading charges

    February 8, 2023
  • U.K. CMA issues provisional decision on Microsoft-Activision deal

    February 8, 2023

Categories

  • Economy (615)
  • Editor's Pick (235)
  • Investing (1,639)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick