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 is in the early stages of a turnaround with a new CEO, but investor scepticism remains high due to inherent challenges. The company faces no growth, no margin improvements, rising debt, and a declining stock, with Q3 results showing minimal organic growth and revenue decline. The new CEO has cut near-term guidance and plans to focus on iconic brands, fewer new products, digitalization, and efficiencies, but execution is a big question.

Nestle: Don't Blindly Assume A Recovery

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.

Nestle CEO Freixe's turnaround plan faces challenge from weak consumer

Nestlé: 2024 Guidance Cut, But Still A Buy

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.

Nestle flags shopper uncertainty around US election

Nestle, the Swiss multinational known for brands like Nescafe and KitKat, has reported a decline in sales this year, primarily due to boycotts linked to its association with Israel. The company has been a target of the boycott, divestment, and sanctions (BDS) movement because of its ownership of Israeli food giant Osem, acquired in 2016.

Nestle says its sales are taking a hit due to Israel-linked boycotts

Nestle S.A. (OTC:NSRGF, VTX:NESN) on Thursday cut its full-year sales guidance and signalled structural changes as demand woes continue to plague the KitKat maker.

Nestle climbs as trimmed sales outlook coupled with structural change

The Swiss conglomerate said its sales growth had slowed due to consumer hesitancy as it outlined a shakeup of its board of executives under new CEO Laurent Freixe

Nestle says its sales are suffering due to Israel boycotts

Nestle India's second-quarter profit fell nearly 9% on Thursday, as the packaged food maker grappled with higher raw material prices.

Nestle India's Q2 profit slides on higher costs

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

Ingredion

Investors looking for stocks in the Food - Miscellaneous sector might want to consider either Ingredion (INGR) or Nestle SA (NSRGY). But which of these two stocks offers value investors a better bang for their buck right now?

INGR or NSRGY: Which Is the Better Value Stock Right Now?

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.

News for Nestle SA Stock (NSRGY)