NSRGY - Nestlé: Still Struggling To Turn Things Around
2024-02-25 23:20:17 ET
Summary
- Nestlé, the largest consumer staples company, is facing challenges in turning around its performance due to FX volatility, increased out-of-home consumption, and price-conscious consumers.
- NSRGY has experienced stagnation in revenue and margins, with limited significant growth opportunities.
- Recent results show some signs of recovery, but the strong Swiss franc and low-single-digit organic sales growth guidance pose uncertainty for future growth.
Nestlé ( NSRGY ), the largest consumer staples company in the world in terms of sales, is a perfect embodiment of the sector's problems.
While other parts of the market have left 2022 far behind, and are now seeing growth accelerate and margins improve, the staples sector is struggling to turn things around amid continued FX volatility, increased out-of-home consumption, and an increasingly price-conscious consumer....
Nestlé: Still Struggling To Turn Things Around