Shares of Nestle S.A. surged by 6% on Thursday after the company revealed that its board proposed increasing the dividend per share to 3.05 Swiss francs.Additionally, Nestle's organic sales growth in 2024 stood at 2.2%, beating analysts' projections. However, its net profit dropped by 2.9%...
Nestle S.A. stated on Thursday that its sales for fiscal 2024 amounted to 91.35 billion Swiss francs, marking a 1.8% decline year on year.The company's organic growth stood at 2.2% in the twelve-month period. Net profit was down 2.9% year on yearto 10.9 billion Swiss francs and basic earnings per...
Nestle SA announced on Tuesday that, as part of a new business-boosting plan, organic growth is expected to be 4% in the medium term. The plan presented today says it will focus on investments in winning brands and growth platforms, emphasizing innovation while systematically addressing...
Nestle S.A. stated on Thursday that its sales for the first nine months of fiscal 2024 amounted to 67.1 billion Swiss francs, falling 2.4% compared to the same period in 2023.The company's organic growth stood at 2.0% in the nine-month period. Nestle downgraded its 2024 outlook again, stressing it...
Nestle SA announced on Thursday that Laurent Freixe (pictured), currently the Executive Vice President and CEO of Zone Latin America, will become its Chief Executive Officer effective September 1. Freixe, who has been with Nestle since 1986, will also be nominated for the Board of Directors at the...
Nestle S.A. stated on Thursday that its sales for the first half of fiscal 2024 amounted to 45 billion Swiss francs, falling 3% compared to the same period in 2023.The company's organic growth stood at 2.1% in the six-month period. Net profit was unchanged year on year at 5.6 billion Swiss francs and...
In the coming days, corporate earnings reports will be hitting investors at full speed, with numerous companies scheduled to release their financial statements. Among them will be giants Alphabet and Tesla, followed by Deutsche Bank, Nestle, Mercedes-Benz, and many others.
In data, traders will...
Nestle S.A. reported on Thursday that its sales for the first quarter of fiscal 2024 came in at 22.1 billion Swiss francs, falling 5.9% from the same period a year earlier.
The company's organic growth reached 1.4% in the three-month period. Nestle confirmed its 2024 outlook, stressing it sees organic...
Nestle SA announced on Thursday that its total sales in the fiscal year 2023 observed an annual decline of 1.5% to come in at 93 billion Swiss francs.
The company's organic growth stood at 7.2%. Net profit rose by 20.9% compared to the fiscal year 2022 to 11.2 billion Swiss francs....
Nestle SA revealed on Thursday that it reached a deal with Advent International to acquire a majority stake in Grupo CRM, which is known for its high-quality chocolate products in Brazil.
"This acquisition further broadens and strengthens our confectionery presence in Brazil, enabling us to enter...
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