Connect with us

Hi, what are you looking for?


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

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.

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!

    You May Also Like


    Reprinted from the Future of Freedom Foundation President Biden’s campaign to banish (or maybe outlaw) political paranoia took a wallop last spring. In April,...


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...

    Editor's Pick

    It’s already a cliché, but technology is rapidly improving. And for many businesses, it’s hard to catch up. However, it’s not just the average...

    Editor's Pick

    At Broadband World Forum 2022, Fibocom launched 5G module FG370 based on MediaTek T830 platform, aiming to empower the deployment of 5G FWA for...

    Disclaimer:, its managers, 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 © 2022 All Rights Reserved.