Nestle Shows Sweet Results In Emerging Markets, Plans To Grow Nutritious Segment
Portfolio Pulse from Lekha Gupta
Nestle SA reported a nine-month FY23 revenue decline of 0.4% Y/Y to $76.7 billion, impacted by foreign currency translations and acquisitions. Organic revenue grew 7.8% Y/Y, with a 9% Y/Y rise in emerging markets. The company bought a majority interest in Grupo CRM and divested its peanut allergy treatment business, Palforzia. Nestle plans to grow the sales of its more nutritious products by CHF 20-25 billion by 2030. The company reiterated its FY23 outlook.
October 19, 2023 | 1:40 pm
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NEUTRAL IMPACT
Nestle's revenue declined slightly, but organic revenue growth and plans for future growth in the nutritious segment could potentially offset this. The company's actions in emerging markets and portfolio optimization initiatives also show promise.
Nestle's slight revenue decline is offset by its organic revenue growth and future plans for the nutritious segment. Its actions in emerging markets and portfolio optimization initiatives also indicate potential for future growth.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100