Unilever (UL) reported Q4 turnover Thursday of 12.59 billion euros ($14.96 billion), down from 12.94 billion euros a year earlier.

Underlying sales for the quarter grew by 4.2%, the company said.

Unilever said its expects 2026 underlying sales growth to be within its multi-year guidance range of 4% to 6%.

The company also unveiled a new buyback program of up to 1.5 billion euros that is slated to start in Q2.

Shares were over 2% lower in premarket trade Thursday.