July 25, 2024/CSL Research In its H1 2024 earnings result, Cadbury Nigeria Plc. (Cadbury) reported a 44.5% y/y and 31.0% q/q increase in Revenue to N51.44bn from N35.61bn and N21.18bn in H1 2023 and Q1 2024 respectively. Most of this growth was driven by domestic sales, which increased to N45.74bn […]

July 25, 2024/PepsiCo The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $5.42 per share […]

July 24, 2024/Cordros Report In this report, we provide an updated view on Unilever Nigeria Plc (UNILEVER) for 2024FY following a review of its Q2-24 results. UNILEVER’s topline has remained sturdy driven by higher pricing and increasing volumes, despite the weak macroeconomic backdrop. Elevated cost pressures from naira devaluation and […]