So, like, Unilever, the company that makes Ben & Jerry’s ice cream and Marmite, just came out with their first quarter results and they had some growth in sales, you know? They had like 3.0% growth in sales and 1.3% growth in volume. The outlook for the whole year is like 3 to 5% growth in sales and a little bit better operating margins.
Charlie Huggins, who manages the Quality Shares Portfolio at Wealth Club, was all like, “Yeah, Unilever’s growth was a bit weak in the first quarter, but it could have been worse, you know?” The new CEO, Fernando Fernandez, seems pretty confident that things will get better soon. Investors were kind of shocked by the CEO change, but it might actually be a good thing. Fernandez is supposed to be really good at solving problems, and Unilever has a lot of challenges to face.
The competition is tough in all their markets, especially in emerging markets. Unilever needs to step up their game and come up with some cool new ideas to stay ahead. The old CEO was chill, but maybe Fernandez will shake things up and bring some new energy to the company.
