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 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.

Nestle, Mars Wrigley, Ferrero back EU deforestation law, document shows

Nestle may flag more price hikes on its chocolate products when the world's biggest food maker reports first-half earnings on Thursday, making Kit Kat bars and Smarties more expensive by Christmas.

Nestle's chocolate prices in focus as cocoa costs bite

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Dublin, July 17, 2024 (GLOBE NEWSWIRE) -- The "Vietnam Candy Industry Research Report 2024-2033" report has been added to ResearchAndMarkets.com's offering. In 2023, Vietnam's candy sales grew by 6.9% year-on-year, reaching US$ 518 million. Vietnam's candy industry can be primarily divided into chocolate, hard candy, and soft candy. Soft candy holds the largest market share, with sales reaching US$ 170 million in 2023, up 5.6% year-on-year. Chocolate is the fastest-growing category, with an average annual growth rate of 8.6% over the past five years, reaching US$ 140 million in 2023, a 7.7% increase from the previous year. In terms of retail channels, supermarkets remain the primary retail distribution channel for chocolate candy in Vietnam due to their modern storage systems and air-conditioned spaces. Chocolate is challenging to store in Vietnam's typical high-temperature environment, posing difficulties for traditional grocery stores, which often lack refrigerated display cases or cold chain distribution systems to maintain product integrity during transportation. Supermarkets, typically equipped with air conditioning, are better suited to keep products cool during transit. Additionally, the primary buyers of chocolate candy are affluent urban consumers, who are also the main target market for supermarkets. These consumers value the one-stop shopping experience provided by supermarkets, which can save them time on daily necessities purchases. In Vietnam's candy market, the main players in the chocolate and sugar candy segments have little overlap, with each company primarily focusing on its main track. According to the publisher, the major players in Vietnam's chocolate market include Mars Vietnam Co Ltd, Nestle Vietnam Co Ltd, and Chocolaterie Guylian NV. Key players in the sugar candy market include Perfetti Van Melle Vietnam Ltd and Haiha Confectionery JSC. After the end of the COVID-19 pandemic, there has been an increased focus on health and wellness, with consumers making more conscious decisions regarding food intake. People are increasingly inclined to choose healthier chocolates, such as dark chocolate with reduced sugar or added nuts and fruits for functional benefits. In the sugar candy market, Vietnamese consumers increasingly prefer the elasticity and soft texture of gummies, jellies, and chewable candies. These products' soft texture is suitable for children, and by offering products in cute shapes like animals, fruits, or toys, sub-categories like gummies, jellies, and chewable tablets may become more appealing to children, potentially becoming the primary audience for gummies in the future. Over the next few years, with the continued growth of Vietnam's economy, the sales of sugar candies are expected to expand further. Product innovation is also likely to stimulate consumer demand, supported by significant investments in marketing and advertising activities by leading companies. However, given the growing health consciousness among Vietnamese consumers, many aim to reduce their daily sugar intake. High sugar diets are well-known to be associated with obesity, diabetes, and other chronic diseases. Increased disposable incomes and higher education levels will drive this shift towards healthier diets, with more affluent and knowledgeable consumers more likely to make informed dietary choices. Nevertheless, it should be noted that most consumers will continue to seek 'reduced sugar' rather than 'sugar-free' options, as they do not want to forgo the sweetness of candy. Thus, leading brands in this category are expected to focus on providing lower-sugar products rather than sugar-free ones. In addition to developing low-sugar candies, there may be a growing demand for functional products with additional health benefits, such as boosting the immune system, enhancing energy levels, or reducing stress. Therefore, ingredients like vitamins, minerals, and herbal extracts are expected to be incorporated into Vietnamese candy products to meet this demand. Vietnam's candy industry is forecast to continue to grow, with the market size expected to reach US$ 1.13 billion by 2033, with a compound annual growth rate (CAGR) of 8.1% from 2024 to 2033. Key Topics Covered:

Vietnam Candy Industry Report 2024-2033, Featuring Mars Vietnam, Nestle Vietnam, Chocolaterie Guylian, Perfetti Van Melle Vietnam and Haiha Confectionery

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