Unilever Q1 Turnover Drops, Underlying Sales Rise; Backs FY26 View, Begins EUR 1.5 Bln Buyback

Unilever reported lower first-quarter turnover, driven mainly by negative currency impacts, but underlying sales rose year over year with growth across all segments and regions. The update points to solid operating momentum offset by FX headwinds, making the readthrough broadly neutral for the stock.

Analysis

Unilever reported lower first-quarter turnover, driven mainly by negative currency impacts, but underlying sales rose year over year with growth across all segments and regions. The update points to solid operating momentum offset by FX headwinds, making the readthrough broadly neutral for the stock.