Unilever's U.S. Business Might Be a Bright Spot for Third-Quarter Results -- Earnings Preview

Dow Jones
Oct 22, 2025

By Aimee Look

 

Unilever is scheduled to report results for the third quarter on Thursday. Here is what you need to know:

 

TURNOVER FORECAST: The U.K. consumer goods group housing brands such as Dove is expected to report a drop in third-quarter turnover to 14.77 billion euros ($17.13 billion), analyst consensus compiled by the company show. This compares with 15.25 billion euros Unilever reported for the same period a year prior. Analysts expect underlying sales growth--which strips out currency movements and the impact of acquisitions and disposals--to be 3.7%, according to the consensus. The result is set to stem from a 1.5% increase in volume, or the amount sold, and a 2.2% pricing rise, the consensus shows.

 

Shares in Unilever remained relatively flat during the quarter, and gained 1.9% since the beginning of the year through Tuesday's close.

 

WHAT TO WATCH:

 

-- Consumer spending remains subdued amid a tough economic environment, and this will weigh on group-level volume growth, as it has on Unilever's share price, said Morningstar's Diana Radu. Unilever's U.S. operations might be the standout despite more challenging results from the year-earlier period, Barclays analysts wrote earlier this week. The company's performance in developed markets remains impressive, analysts at Barclays said. Performance in the Latin America region should be urgently fixed--the company has been facing a soft macro environment, and challenges in both the deodorant and laundry powder segments, with the analysts looking for clarity and improvements, they said. Meanwhile, India looks like it is undergoing a turnaround, they added.

-- It is spinning off its ice-cream business, called the Magnum Ice Cream company and home to brands such as Ben & Jerry's, but on Tuesday said the unit's listing would be delayed due to the U.S. government shutdown. It had initially planned the listing of Magnum on Euronext Amsterdam, the London Stock Exchange and the New York Stock Exchange for Nov. 10. The delay is an unusual situation, Hargreaves Lansdown's head of equity funds, Steve Clayton, said. The company's focus on personal care, premium segments, beauty & wellbeing, and innovation has aligned it with what consumers want, Morningstar's Radu said.

 

Write to Aimee Look at aimee.look@wsj.com

 

(END) Dow Jones Newswires

October 22, 2025 08:45 ET (12:45 GMT)

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