|Bid||4,414.00 x 0|
|Ask||4,414.50 x 0|
|Day's Range||4,393.36 - 4,425.62|
|52 Week Range||3,905.00 - 5,333.00|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||17.47|
|Earnings Date||Jan 30, 2020|
|Forward Dividend & Yield||1.43 (3.25%)|
|Ex-Dividend Date||Oct 31, 2019|
|1y Target Est||45.13|
The 22-year veteran of Procter & Gamble played a leading role in the company's work with startups to develop new brands and businesses.
Moody's Investors Service has today downgraded the corporate family rating (CFR) of UK-based ice cream manufacturer Froneri International Limited (the company or Froneri) to B1 from Ba3 and its probability of default rating (PDR) to B1-PD from Ba3-PD. Concurrently, Moody's has assigned a B1 instrument rating to the proposed senior secured term loan and a B3 instrument rating for the proposed second lien term loan at a newly created Froneri Lux FinCo SARL and Froneri US, Inc. as well as B1 instrument rating to the new RCF at Froneri International Limited.
From keynote speeches to exhibitor booths, the annual weeklong high-tech bacchanal here will be distinguished as much by automakers and airlines as by chip makers and computer makers.
Avon Products Inc. announced Friday that Jan Zijderveld, the company's chief executive, will step down, effective Jan. 3. Zijderveld has served as CEO for nearly two years after a 30-year career with Unilever . The news comes as Brazil-based Natura & Co. announced that it expects to close on Avon's acquisition on Friday and appoint new senior leadership. Angela Cretu will become CEO, responsible for the business outside of Latin America and the brand globally. Roberto Marques, executive chairman of the Natura board since 2017, will become group chief executive officer. Natura, which also has The Body Shop and Aesop in its portfolio, will have annual gross sales of $10 billion with the Avon addition. Natura expects to begin trading through ADRs on the NYSE starting Jan. 6. It currently trades on the B3 stock exchange in Sao Paulo, Brazil. Avon stock has skyrocketed nearly 260% over the past year while the S&P 500 index has gained 33% for the period.
(Bloomberg Opinion) -- Amid the grim march of the retail apocalypse, the industry has derived some hope in recent years from the rise of scores of digital-centric startups. There is cause for optimism, but there’s also reason to be skeptical of the hype surrounding these brands — not just because their business models aren’t proving durable, but also because many of them are now intertwined with the companies they are ostensibly disrupting.Consider, for example, the November announcement from supermarket behemoth Albertsons Cos. about the future of meal-kit maker Plated, which the grocer paid $200 million for only two years ago. The company said it was ending the subscription model for Plated and that its products would now simply be part of its private-label business. It’s hard to see that as anything other than a concession that the format is a dud.And that’s not the only meal-kit business that’s gone cold: Blue Apron Holdings Inc. had only 386,000 paid customers in its latest quarter, down from 646,000 in the same quarter a year earlier and 856,000 the year before that. The decline partly reflects a deliberate shift to focus on its best customers, but it’s also an indication that the long-term market for online meal-kits is just not that big.Dollar Shave Club’s low-priced, subscription-based model for grooming gear was similarly seen as a disruptive game-changer when it captured attention with a viral YouTube video in 2012. Unilever NV acquired it for $1 billion in 2016, a testament to its growing market share. But the Wall Street Journal recently reported that the digital brand is still not profitable and the consumer-products giant “has concluded that selling staples as online subscriptions doesn’t make financial sense.”Still other 2010s wunderkinds are pursuing growth in ways that don’t look so different than the playbooks embraced by their predecessors. Quip toothbrushes, Native deodorant, Bark pet toys, and Harry’s razors can all now be found in the aisles of Target stores. Men’s clothing from Bonobos and Mizzen + Main is sold at Nordstrom Inc., while beauty brand Glossier recently launched pop-ups at the department store. Everlane has brick-and-mortar stores, as does bedding brand Parachute.The result is that the term “digital-native brand” is all but meaningless. How could a startup not be digital-native in the year 2019? How are their hybrid online-and-store selling models any different from what mature brands are doing? This is not to write off this crop of retailers entirely. They have collectively snatched billions of dollars of market share from incumbents and have made some genuinely alluring products, such as the Allbirds sneakers that have spawned copycats. Mall landlords have been forced to rethink their leasing models and floor plans to accommodate their needs. But, so far, these startups are no more than spoilers for legacy brands. They’re not replacing them.The constellation of insurgents collectively is poised to open 850 physical stores over five years, according to a 2018 analysis by JLL. In other words, the entire group will add roughly as many stores as are in the Macy’s Inc. portfolio. That means their growth doesn’t come anywhere close to offsetting the massive shakeout of established chains. In 2019 alone, Coresight Research estimates, there have been 9,302 store closures.Also, if these digital brands were finding easy paths to profitability and customer growth, many more of them would probably be going public or agreeing to be acquired for dizzying sums. But IPO hopefuls such as Casper remain on the public market sidelines, and the aforementioned Dollar Shave acquisition and Edgewell Personal Care Co.’s $1.4 billion deal for Harry’s are exceptions, not the rule.Meanwhile, Bonobos founder Andy Dunn is set to exit a companywide role at Walmart Inc. a little more than two years after the big-box chain acquired his clothing brand, a change that may turn out to be a cautionary tale about the ability of these scrappy virtuosos to apply their skills within retail’s old guard.All of this leads to a bracing conclusion: The transformative power of the digitally oriented swashbucklers has been overestimated. Would-be investors and entrepreneurs, consider yourselves warned.To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Michael Newman at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
U.K. stocks were mostly higher on Monday, bucking sluggish action across Europe, as a drop in the pound inspired gains for domestically-focused stocks and exporters.
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
It’s been nearly a year since Paul Polman stepped down as CEO at Unilever. There is no shortage of CEOs who are now willing to embrace of a grander purpose than enriching shareholders—a marked change from when Polman started talking about it (paywall) a decade ago. Polman, in his retirement, is still fighting the good fight, which might be why, in sustainability circles, he is still the default example of an executive aligned with the cause.
Shares of Unilever PLC tumbled 9.11% toward a 9-month low in afternoon trading Tuesday, after the U.K.-based consumer goods giant warned of a sales miss for the year. The stock was on track to suffer the biggest one-day percentage decline since May 2003. The company said earlier that it expects 2019 sales growth to be below its previous guidance, of the "lower half" of its 3% to 5% multi-year range. "This is a result of challenges in the quarter in some markets, including the economic slowdown in South Asia, one of Unilever's largest markets, and trading conditions in West Africa remaining difficult," the company said in a statement. "The trading environment in developed markets continues to be challenging and while there are early signs of improving performance in North America, a full recovery there will take time." The stock has gained 7.7% year to date, while the SPDR Consumer Staples Select Sector ETF has run up 24.0% and the S&P 500 has surged 27.5%.
Unilever has suffered from slow growth in the key North American market due to heavy competition, according to The Wall Street Journal. The company has posted volume declines in its largest market as it struggles to compete against local brands that are more nimble and have a large online presence. Unilever said it expects sales growth in 2020 to come in below its previously issued 3% to 5% guidance range, with growth falling beneath 3% in the first half of 2020 and full year growth in the lower half of the range.
The British-Dutch consumer goods maker said that it now expects sales growth to be between the lower half of its previous forecast range of three to five percent. Unilever noted a 0.1% drop in its quarter three sales in developed countries, as reported by Reuters.
Unilever’s stock tumbled 5% on Tuesday as the consumer goods giant warned it would miss sales targets this year and endure a tough start to 2020.
(Bloomberg Opinion) -- Unilever NV has made a great deal of “instilling purpose” into its products, trying to flag up the social and environmental credentials of things from Dove shower gel to Magnum ice cream to appeal to millennial consumers. It doesn’t seem to be doing much for its sales.The Anglo-Dutch company surprised the stock market on Tuesday, warning that revenue growth this year would be below its 3% to 5% range. And it won’t bounce back quickly. Unilever forecasts sales increases will be in the lower half of its target range in 2020, with most progress coming in the second half.The company said it was suffering from an economic slowdown in south Asia, particularly India, Pakistan and Bangladesh, and difficult trading conditions in west Africa. Meanwhile, its big-selling north American products such as ice cream and hair care are still recovering from a sluggish period, while competition is fierce in parts of Europe.Yet Unilever must take some of the blame for its own predicament. Its rival Nestle SA has managed steady sales growth, while pulling off some canny acquisitions and disposals.After a failed takeover approach from Kraft Heinz Co. back in 2017, Unilever set the goal of lifting its operating margin from 16% to 20% by 2020. Alan Jope, the chief executive officer, could have ditched this target when he took the reins at the start of this year to give himself more firepower to invest. But it seems he’s sticking with it: The company said on Tuesday that the goal wouldn’t be affected by the sales slowdown. While Unilever insists it’s spending enough on research and development and marketing, Jope may have to back his biggest brands with more funds to make sure they’re competitive. That would have to come at the expense of margins. He also needs to decide in which categories Unilever wants to compete, and reshape its sprawling portfolio accordingly. It’s admirable that the company generates close to 60% of its sales in emerging markets, and operates in popular areas such as beauty and personal care. Unfortunately, it is also over-exposed to more sluggish food ranges such as tea and dressings.Jope could do worse than learn from Nestle’s CEO Mark Schneider. The latter has been quick to prune unwanted categories, recently selling its U.S. ice cream business to a joint venture between itself and private equity. Nestle has also been buying in its preferred product areas, such as coffee.Unilever, meanwhile, has been less bold, undertaking a plethora of small acquisitions — from fake meat to fancy laundry products. The group generated only about 0.5 percentage points of growth from its acquisitions and disposals in the first half of the financial year; Jope says he’ll slow the pace of bolt-on deals and step up disposals.If he doesn’t hurry, someone else might attempt to do some portfolio tidying for him. Kraft Heinz isn’t in a position to make another approach. But an activist investor may be tempted. Selling Unilever’s foods and refreshments business for cash is a possibility, although a demerger might be complicated by Unilever’s dual British and Dutch structure.The food unit could have an enterprise value of 55 billion euros ($61 billion), according to UBS analysts. So offloading it would generate proceeds to invest in higher growth products, while allowing the return of cash to investors. On a price-to-earnings basis, Nestle’s premium over Unilever is widening. An aggressive investor may spot a corporate purpose of their own.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
In an unscheduled trading update, Anglo-Dutch Unilever also struck a downbeat tone on its prospects for meeting its mid-term target for sales growth of 3-5% next year. "Our full-year underlying sales growth is expected to be in the lower half of the multi-year range," added Jope, who took on the top job earlier this year. Shares in Unilever were down 5.1% at 1025 GMT, while rival Nestle slipped 1.2%.
The Anglo-Dutch maker of Hellmann’s mayonnaise and Dove soap said 2019 underlying sales growth, a metric which excludes exceptional costs, would be below its guidance of the lower half of its 3% to 5% multi-year range.
Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Tuesday, 17th December. Please refresh for updates.
Today we are going to look at The Unilever Group (AMS:UNA) to see whether it might be an attractive investment...