NSRGY - Nestlé misses on revenue; non-GAAP eps of CHF4.21

Nestlé S.A. (NSRGY): FY Non-GAAP EPS of CHF4.21; GAAP EPS of CHF4.30.Revenue of CHF84.34B (-8.9% Y/Y) misses by CHF610M.Organic revenue +3.6%, estimate +3.51%.Underlying trading operating profit margin 17.7% vs. 17.6% Y/Y, estimate 17.9%.Net profit margin increased by 90 basis points to 14.5%.Free cash flow was CHF10.2B.Board proposes a dividend increase of 5 centimes to CHF2.75/share.2021 outlook: Continued increase in organic sales growth towards a mid single-digit rate.Underlying trading operating profit margin with continued moderate improvement.Underlying EPS in constant currency and capital efficiency expected to increase.Mid-term outlook: Sustained mid single-digit organic sales growth.Continued moderate underlying trading operating profit margin improvement.Continued prudent capital allocation and capital efficiency improvement.Press Release

For further details see:

Nestlé misses on revenue; non-GAAP eps of CHF4.21