Nestlé S.A. (NESNE.SW)
| Previous Close | 86.48 |
| Open | 86.02 |
| Bid | 86.40 x 0 |
| Ask | 95.00 x 0 |
| Day's Range | 85.60 - 86.64 |
| 52 Week Range | 82.00 - 100.94 |
| Volume | |
| Avg. Volume | 215,078 |
| Market Cap | 220.927B |
| Beta (5Y Monthly) | 0.34 |
| PE Ratio (TTM) | 20.23 |
| EPS (TTM) | 4.27 |
| Earnings Date | Jul 25, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
ReutersAnalysis-Nestle CEO Freixe's turnaround plan faces challenge from weak consumer
Nestle's plans under new CEO Laurent Freixe to restructure and sharpen its focus on its top brands were welcomed by investors, but executing a turnaround strategy against a backdrop of weak consumer demand will be a tough task. After replacing Mark Schneider as CEO last month, Freixe set out plans on Thursday to revamp the executive board, revive Nestle's core 31 "billionaire brands", become price competitive again and win back market share through innovation and marketing. He relayed his strategy to investors as Nestle - owner of brands including Nescafe, Kit Kat, Sanpellegrino and Purina pet food - cut its full-year sales outlook after weaker than expected nine-month organic sales growth.
- Yahoo Finance Video
Apple and BYD, Nestlé guidance, CSX revenue: Stocks in Focus
A Bloomberg report revealed Apple (AAPL) to have been collaborating with Chinese EV maker BYD (BYDDY) on developing lithium iron phosphate battery cells for the now canceled electric, self-driving Apple Car. Multinational food brand Nestlé (NSRGY) slashed its full-year 2024 guidance on weakening organic food sales. Railroad transporter CSX Corporation (CSX) points to damages from Hurricane Helene to have contributed to its third quarter revenue miss. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
ReutersNestle flags shopper uncertainty around US election
Nestle on Thursday said shopper "concerns around the election" in the United States are putting further pressure on demand in its biggest market by creating consumer uncertainty. The U.S. presidential election, the most consequential vote for financial markets in an election-packed year, is weeks away and Democratic Vice President Kamala Harris and Republican Donald Trump are locked in a close race to win on Nov. 5. Consumer-led anxiety over the election is an issue for Nestle and other consumer companies because it threatens to change Americans' buying patterns ahead of the critical holiday shopping season.
