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Nestle SA (NESM.DU)

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At close: December 23 at 7:32:10 PM GMT+1

Nestlé to cut costs by $2.8B, Nippon Steel faces tariff hike

Nestlé (NESN.SW) plans to cut costs by at least $2.8 billion by 2027. The company said it will boost its marketing efforts and spin off its premium drinks and water brands starting in 2025. Meanwhile, Nippon Steel (NPSCY, NISTF) is facing pressure after the US Department of Commerce raised tariffs on the company for a review that found it sold hot-rolled steel below fair market value. Watch the video for a closer look at what’s driving these stock moves. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Cindy Mizaku.

Yahoo Finance Video last month

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Trending tickers: Alphabet, Super Micro, Trump Media, Imperial Brands and Mulberry

The latest investor updates on stocks that are trending on Tuesday.

Yahoo Finance UK last month

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Nestle to Step Up Spending in Push to Boost Sales Growth

The food giant tempered its profit expectations for next year and for sales growth over the medium term, as it steps up spending to boost its top line and win market share in the face of a tough consumer environment.

The Wall Street Journal last month

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Nestle Midterm Ambitions Seen as Realistic

Nestle’s guidance update came with an opaque growth margin target for 2025, but investors were fearing a more dramatic cut, Jefferies said.

The Wall Street Journal last month

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Capital Markets Day: Nestlé presents plan to fuel and accelerate growth

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live08:30 CET Capital Markets Day webcastFull details on our website ............. Vevey, November 19, 2024 Capital Markets Day: Nestlé presents plan to fuel and accelerate growth Clear plan to drive operational excellence, unlock the full potential of the portfolio and strengthen foundational capabilities.Investment in advertising and marketing to be stepped

GlobeNewswire last month

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Nestlé Says Slowdown in Rising Food Costs Isn’t Soothing Pinched Shoppers

Nestlé lowered its sales expectations for the second time this year as the food company offers bigger discounts to lure back shoppers deterred by rising prices in recent years.

The Wall Street Journal 2 months ago

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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.

Yahoo Finance Video 2 months ago

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Nestlé announces changes to its organization and its Executive Board

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Nestlé announces changes to its organization and its Executive Board The Nestlé Board of Directors has approved changes to the company’s organization, effective as of January 1, 2025. As a result, Nestlé is also announcing changes to its Executive Board. Zone Latin America (LATAM) and Zone North America (NA) will merge to form Zone Americas (AMS), which will be led

GlobeNewswire 2 months ago

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Nestlé reports nine-month sales for 2024

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live 09:30 CEST Investor call audio webcast Full details on our website ............. Vevey, October 17, 2024 Nestlé reports nine-month sales for 2024 Organic growth was 2.0% for the first nine months, with positive real internal growth (RIG). RIG was 0.5%, in an environment of softening consumer demand and actions taken in the third quarter to reduce custome

GlobeNewswire 2 months ago

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Petfinder and Purina Celebrate National Pet Wellness Month with Donation of EverRoot Supplements to Greater Good Charities

In celebration of National Pet Wellness Month, Petfinder, which is powered by the pet experts at Purina, today announced a donation of more than 330,000 EverRoot dog supplements to Greater Good Charities. Valued at more than $1.9M, the donation will help Greater Good Charities provide supplements to support the health and wellness of thousands of shelter dogs in the Seattle area as they await their forever families and settle into their new homes.

PR Newswire 2 months ago

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Halloween candy prices look frightening due to cocoa concerns

Trick-or-treaters, beware this Halloween, even candy is not excluded from inflation trends this spooky season. Cocoa production (CC=F) has dropped over 14% year-over-year while prices have risen nearly 120% in that time, putting pressure on everybody's favorite candy bar makers. Yahoo Finance senior reporter Brooke DiPalma details how candy companies are reacting to these cocoa headwinds to offset these cocoa headwinds. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 months ago

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Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs

Earnings preview of key companies reporting next week and what to look out for.

Yahoo Finance UK 2 months ago

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Nestle, Colgate-Palmolive, Alphabet: 3 Stocks In Focus

Morgan Stanley analysts downgraded Nestle (NSRGY) stock to Underweight as cocoa and chocolate prices continue to move higher. Colgate-Palmolive Company (CL) was also downgraded to Underweight by a team at Wells Fargo. Lastly, Evercore ISI revised its price target on Alphabet (GOOG, GOOGL) to $200 per share — cutting it from $225 — as Google's antitrust trial around its advertising business enters its second week. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 3 months ago

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It’s about choice: Smucker CEO on processed food concerns

The J.M. Smucker Company's (SJM) line of products has spread far beyond jam and jelly. The company, commonly known as Smucker, has acquired many businesses over the years, especially from the late 1990s to the mid-2010s. Smucker’s portfolio now includes major brands, like Jif peanut butter and Uncrustables, spanning categories from coffee to pet food and competing with consumer packaged goods giants, like Nestlé (NSRGY), General Mills (GIS) and Kraft-Heinz (KHC). In 2016 Mark Smucker took over as CEO of the family business. In 2023, he expanded the company’s offerings further with the $5.6B acquisition of Hostess. Despite more consumers wanting to eat healthier, Smucker saw enough runway with the sweet treat brand, as its revenue was trending higher prior to the acquisition. Smucker explains the steps the business has taken to listen to make foods healthier across the board, but he also thinks some of it is up to the consumer. “I think we have to give the consumer choice,” says Smucker. For more of the full conversation with Smucker, click here. For more of our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday.

Yahoo Finance Video 3 months ago

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With a name like Smucker, the family business has to be good

Before the turn of the 20th century, the J.M. Smucker Company (SJM) was founded as a small apple cider and butter business. 127 years later, The J.M. Smucker Company, commonly known as Smucker, has vastly expanded its business beyond mashed fruits, reaching a value of nearly $13B and operating well known brands in market segments from coffee to pet food. The business now competes with consumer packaged goods giants like Kraft-Heinz (KHC), Nestlé (NSRGY), and General Mills (GIS). One thing has remained consistent since the company’s founding—it’s still led by a Smucker: J.M.’s great, great grandson, Mark. Yahoo Finance’s Brad Smith traveled to Orrville, Ohio, the home and origin of Smucker, to get an inside look at how the fifth generation CEO is leading the historic brand and setting up for the next 127 years. Mark Smucker took over in 2016. His biggest move to date came in 2023 when the company acquired the sweet snacks giant, Hostess for $5.6B. Smucker’s decision to expand its portfolio follows a relatively proven company recipe over recent years. Some other Smucker acquisitions include Jif peanut butter and Crisco in 2002, Pillsbury and other brands part of International Multifoods in 2004, Folgers in 2008, Café Bustelo in 2010, and Big Heart Pet Brands in 2015. J.M. Smucker Co. has since sold off the Crisco and International Multifoods businesses. Smucker has also made his mark on the business by leaning into edgier marketing campaigns for many legacy brands, like Jif and Folgers. He has also capitalized on pop culture influence to grow brands, including the popular Uncrustables snack, which the company believes will become a $1B brand in 2026. Lead This Way is an interview series that features frank conversations with today’s leaders. The series gives consumers and investors an inside look into the innovative thinking and diverse life experiences of some of the biggest players in business to find out how they lead through change, and how they define success for themselves and their organizations. For more on our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's note: This article was written by Luke Brooks.

Yahoo Finance Video 3 months ago

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Five alternatives to Mag 7 stocks if you missed out on Nvidia

Can the Magnificent Seven retain its crown? Here are other stocks to look at.

Yahoo Finance UK 3 months ago

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Trending tickers: Nestle, Direct Line, Hiscox, oil

The latest investor updates on stocks that are trending on Wednesday.

Yahoo Finance UK 4 months ago

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Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves the company

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) ............. Vevey, August 22, 2024 Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves the company The Board of Directors of Nestlé has appointed Laurent Freixe, currently Executive Vice President and CEO Zone Latin America (LATAM), as Chief Executive Officer Nestlé S.A., effective September 1. The Board has also nominated Laurent Freixe as a candidate f

GlobeNewswire 4 months ago

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Unilever & Nestle results show why pricing strategy matters

Unilever (UL) shares are rising after seeing revenue rise over 2% in the first half of the year. Meanwhile, shares of Nestle (NESN.SW) are falling after the company slashed its full-year guidance. In the video above, Jared Blikre and Seana Smith break down why these two big consumer brands are trading in opposite directions. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

Yahoo Finance Video 4 months ago

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Nestlé reports half-year results for 2024

[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's event live 14:00 CEST Investor Q&A audio webcast Full details on our website Report published today Half-Year Report (pdf) Other language versions available in Publications ............. Vevey, July 25, 2024 Nestlé reports half-year results for 2024 Organic growth of 2.1%, with positive real internal growth (RIG) of 0.1% for the first half and 2.2% for the second q

GlobeNewswire 4 months ago

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Performance Overview

Return	NESM.DU	MSCI WORLD
YTD	-21.38%	+19.27%
1-Year	-21.00%	+19.91%
3-Year	-28.73%	+18.73%

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Nestle SA (NESM.DU)

Nestlé to cut costs by $2.8B, Nippon Steel faces tariff hike

Trending tickers: Alphabet, Super Micro, Trump Media, Imperial Brands and Mulberry

Nestle to Step Up Spending in Push to Boost Sales Growth

Nestle Midterm Ambitions Seen as Realistic

Capital Markets Day: Nestlé presents plan to fuel and accelerate growth

Nestlé Says Slowdown in Rising Food Costs Isn’t Soothing Pinched Shoppers

Apple and BYD, Nestlé guidance, CSX revenue: Stocks in Focus

Nestlé announces changes to its organization and its Executive Board

Nestlé reports nine-month sales for 2024

Petfinder and Purina Celebrate National Pet Wellness Month with Donation of EverRoot Supplements to Greater Good Charities

Halloween candy prices look frightening due to cocoa concerns

Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs

Nestle, Colgate-Palmolive, Alphabet: 3 Stocks In Focus

It’s about choice: Smucker CEO on processed food concerns

With a name like Smucker, the family business has to be good

Five alternatives to Mag 7 stocks if you missed out on Nvidia

Trending tickers: Nestle, Direct Line, Hiscox, oil

Nestlé appoints Laurent Freixe as CEO of Nestlé S.A., Mark Schneider leaves the company

Unilever & Nestle results show why pricing strategy matters

Nestlé reports half-year results for 2024

Performance Overview