Nestle SA

Nestlé SA is a nutrition, health, and wellness company, which engages in the business of manufacturing, supplying, and producing prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods, and cereals. It operates through the following segments: Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nestlé Health Science; and Nespresso. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.

Nestle cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth on Thursday as the world's biggest packaged food company failed to grow volumes amid continued price hikes.

Nestle misses nine-month organic sales growth estimate, cuts outlook

Nestle could use the fresh start provided by new CEO Laurent Freixe in the coming months to lower financial guidance for the second time this year following months of weak sales volumes, according to some analysts and investors.

Nestle's new CEO may cut guidance in fresh start, some investors warn

Nestle India's Swiss parent is betting on former Amazon India head Manish Tiwary to steer the packaged foods giant's unit as it grapples with stagnant sales and increased competition in the world's most populous country.

Former Amazon India head nominated to lead Nestle's India operations

Nestle (NSRGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Nestle (NSRGY) Upgraded to Buy: Here's Why

Nestle SA, the global giant behind Kit Kat and Nescafe, has been downgraded by Morgan Stanley due to concerns over its future growth prospects. Analyst Sarah Simon moved Nestle's rating to “underweight” from “equal-weight,” citing potential challenges the company may face in delivering growth in the coming years.

Nestle downgraded by Morgan Stanley as growth concerns loom amid leadership changes

How does a benchmark consumer staples giant like Nestle S.A. (OTC:NSRGF, VTX:NESN) reset the agenda and return to growth after a period of losing market share to global competitors like Unilever and Danone (OTCQX:DANOY)?

New boss is a start, but Nestle's recovery story has big hurdles ahead

Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation.

What went wrong for Nestle CEO Mark Schneider

Nestle intends to keep its Health Science unit, Chairman Paul Bulcke said in a newspaper interview published on Sunday, after the food giant announced it was replacing its CEO Mark Schneider with company veteran Laurent Freixe.

Nestle to keep Health Science unit after CEO ouster, chairman tells paper

Mark Schneider, Nestlé's chief executive, was pushed out of the company and learned he would be losing his job just 24 hours before it was announced publicly, according to a person familiar with the matter.

Nestlé CEO Abruptly Ousted as Board Seeks Better Cultural Fit

Nestlé SA shares fell in Swiss trading Friday, a day after the chocolate maker replaced Chief Executive Officer (CEO) Mark Schneider amid slowing sales.

Nestle Stock Slips After Chocolate Maker Replaces CEO

Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say

Nestle has replaced its CEO Mark Schneider with company veteran Laurent Freixe in a bid to shake up its fortunes. The Swiss firm said in a statement Thursday that Schneider, who was at the helm for eight years, "has decided to relinquish his roles as CEO and member of the board of directors.

Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says

Nestle S.A. (OTC:NSRGF, VTX:NESN) chief executive Mark Schneider is to step down and be replaced by company veteran Laurent Freixe after eight years at the helm of the consumer goods giant.

KitKat owner Nestle switches out chief executive

Nestle shares slumped Friday after the food giant abruptly announced the departure of its chief executive.

Nestle shares slump after surprise departure of CEO

Nestle shares tumbled early on Friday following the abrupt departure of CEO Mark Schneider from the world's biggest foodmaker and his replacement by company veteran Laurent Freixe.

Nestle shares tumble following abrupt departure of CEO

Nestle is replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe, the company said on Thursday, a big change at the world's biggest foodmaker which has struggled with the cost of living crisis hitting customers.

Nestle replaces CEO Schneider with company veteran Freixe

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Nestle stock has fallen over 6% and almost 30% from 2021 highs despite strong recent RIG and potential for increased margins and Earnings growth. Recent positive RIG, gross profit margin growth, and lower interest rates suggest potential for higher PE multiples and stock recovery. Debt increase and macroeconomic instability pose risks, but future valuation and potential for capital appreciation make Nestle a good buy.

Nestle Is A Buy After Real Growth Is Back

Former Nestlé S.A. chairman Peter Brabeck-Letmathe was once the subject of large-scale online slander for his supposed views of water as a fundamental human right.

Nestlé in ‘uncharted waters' warn Barclays analysts

Nestlé S.A. (OTCPK:NSRGY) Q2 2024 Earnings Call Transcript July 25, 2024 8:00 AM ET Company Participants Luca Borlini - Head of IR Mark Schneider - CEO Anna Manz - CFO Conference Call Participants Jon Cox - Kepler Guillaume Delmas - UBS Bruno Monteyne - Bernstein Jeremy Fialko - HSBC Celine Pannuti - JPMorgan David Hayes - Jefferies Sarah Simon - Morgan Stanley Jeff Stent - Exane Victoria Petrova - Bank of America James Edwardes Jones - RBC Tom Sykes - Deutsche Bank Luca Borlini Good morning to everyone.

Nestlé S.A. (NSRGY) Q2 2024 Earnings Call Transcript

Nestle and Unilever shares took opposite courses on Thursday as the two top consumer goods giants were hit with the results of their varying efforts to win over inflation-hit customers.

Nestle and Unilever see share prices diverge on rival price hiking strategies

Nestle India's first-quarter profit and revenue came in below expectations on Thursday as price hikes drove shoppers towards cheaper rivals, pushing the consumer giant to mark its slowest revenue growth in eight years.

Nestle India misses Q1 estimates, posts slowest revenue growth in 8 years

Nestle , the world's biggest packaged food company, lowered its sales outlook on Thursday, noting it had to slow its pace of price hikes earlier than it would have liked as consumers have become increasingly cost-conscious.

Nestle cuts sales growth outlook as consumers become increasingly cost-conscious

Consumer goods giants including Nestle , Mars Wrigley and Ferrero have backed the European Union's upcoming ban on imported goods linked to deforestation, amid calls from some companies to delay it, a document seen by Reuters showed.

News for Nestle SA Stock (NSRGY)