Unilever pops 6% on guidance raise, Ben & Jerry's spinoff on track to complete by end of 2025

Unilever’s shares saw a 6.8% increase on Thursday morning due to the company’s raised full-year margin guidance and assurance that the spinoff of its ice cream business was on track to complete by the end of 2025. The British consumer goods giant, known for brands such as Dove, Hellmann’s, and Vaseline, reported positive sales growth across all segments in its first-half results. While beauty and well-being expanded by 7.1%, the ice cream segment lagged with only 0.6% growth. Despite falling short of expectations for organic sales growth in the second quarter, Unilever’s beat on gross margin and improved margin guidance impressed analysts, resulting in an expected increase in consensus earnings per share.