Nestle (NSRGY) has recently taken some big steps towards restructuring its portfolio and creating value for the shareholders by announcing the sale of Nestle skin health and US direct store delivery for frozen pizza and ice cream.
In addition to this positive news, Nestle reported a positive set of 1Q19 results recently, which showed that the company’s growth is accelerating. The company’s organic sales growth reached 3.4%, beating consensus on the way, due to better volume and mix, led by Petcare. In addition, the company reiterated its positive outlook for 2020 in