Unilever publishes Q3 2026 trading statement transcript
UL•Unilever raised its full-year underlying volume growth outlook to at least 3% and expects second-half underlying sales growth of around 5%. Quarterly underlying sales rose 5.2%, including volume growth of 2.9%.
1. Outlook and quarterly growth
Unilever raised its full-year underlying volume growth outlook to at least 3%, with second-half underlying sales growth expected around 5%. Quarterly underlying sales rose 5.2%, with volume growth of 2.9%.
2. Margin and Foods update
Underlying operating margin is expected to improve modestly from 20% in 2025 despite higher commodity costs. The Foods combination with McCormick remains on track, while management is addressing weaker US condiments performance through innovation and corrective pricing.
