Breaking News

Unilever Cuts 2003

November 14, 2005

Unilever revised its 2003 sales growth estimates due to competition in the U.S. laundry and personal care market and a weak consumer goods market internationally.
Company executives said sales of its leading brands are expected to grow only 3% in the second quarter and 4% for the entire year. In response to the news, the company’s stock sank 11%.
Previously, investors trusted in Unilever’s Path to Growth agenda, a five-year restructuring plan the company introduced in 1999. According to the Path to Growth plan, Unilever’s brands would get a boost from 2% to 4-6% this year and in 2004, with operating margins over 16%.
In the process, Unilever has sold low-growth businesses and acquired new segments, including Bestfoods, SlimFast and Ben & Jerry’s ice cream.
“We have yet to convince the market about the sustainability of our im-proved performance,” said Howard Green, investor relations chief, in response to the news that Unilever’s stock had gone down. “That continues to be our challenge.”

  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017