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home / news releases / nestle rating downgrade as near term outlook is very

NSRGY - Nestle: Rating Downgrade As Near Term Outlook Is Very Uncertain

Nestle SA ADR Reg Shs Ser B

2024-03-12 00:00:28 ET

Summary

  • Nestle's 4Q23 results fell short of expectations, with weaker margins and lower revenue than anticipated.
  • The company's guidance for FY24 suggests slower growth and pricing normalization, hindering volume recovery.
  • The ongoing Red Sea conflict and internal challenges with IT integration further add to the uncertainty and potential risks for Nestle.

Investment action

For further details see:

Nestle: Rating Downgrade As Near Term Outlook Is Very Uncertain
Stock Information
Company Name: Nestle SA ADR Reg Shs Ser B
Stock Symbol: NSRGY
Market: OTC
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