Nestle's Weak Start to the Year Will Worry Investors -- Market Talk

Dow Jones04-25

0822 GMT - Nestle had a weak start to the year, with organic growth of 1.4% missing consensus by 147 basis points in 1Q, Bernstein analysts say in a note. The miss was entirely in RIG--the company's measure of sales volume--which came in 170 basis points below consensus at -2.0%, they say. "It seems things are going worse than expected." The company calls out weakness in the U.S. and supply challenges, but Bernstein thinks there is enough data in the release to make long-term investors worry about their long-term assumptions. Growth in Nespresso and petcare were both big misses and had negative RIG. Bernstein rates Nestle at market-perform with a CHF105 target price. Shares trade 3.8% lower at CHF90.40. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

April 25, 2024 04:22 ET (08:22 GMT)

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The miss was entirely in RIG--the company's measure of sales volume--which came in 170 basis points below consensus at -2.0%, they say. \"It seems things are going worse than expected.\" The company calls out weakness in the U.S. and supply challenges, but Bernstein thinks there is enough data in the release to make long-term investors worry about their long-term assumptions. Growth in Nespresso and petcare were both big misses and had negative RIG. Bernstein rates Nestle at market-perform with a CHF105 target price. Shares trade 3.8% lower at CHF90.40. 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The miss was entirely in RIG--the company's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NSRGY","symbol_name":"雀巢","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430827420","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430827420","pubTimestamp":1714033320,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0822 GMT - Nestle had a weak start to the year, with organic growth of 1.4% missing consensus by 147 basis points in 1Q, Bernstein analysts say in a note. The miss was entirely in RIG--the company's measure of sales volume--which came in 170 basis points below consensus at -2.0%, they say. \"It seems things are going worse than expected.\" The company calls out weakness in the U.S. and supply challenges, but Bernstein thinks there is enough data in the release to make long-term investors worry about their long-term assumptions. Growth in Nespresso and petcare were both big misses and had negative RIG. Bernstein rates Nestle at market-perform with a CHF105 target price. Shares trade 3.8% lower at CHF90.40. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NSRGY":"雀巢","BK4212":"包装食品与肉类","BK4211":"区域性银行","03165":"华夏欧优股对冲","ISBC":"投资者银行"},"translate_title":"雀巢今年开局疲软将令投资者担忧——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"NSRGY":0.9,"03165":0.6},"content_text":"0822 GMT - Nestle had a weak start to the year, with organic growth of 1.4% missing consensus by 147 basis points in 1Q, Bernstein analysts say in a note. The miss was entirely in RIG--the company's measure of sales volume--which came in 170 basis points below consensus at -2.0%, they say. \"It seems things are going worse than expected.\" The company calls out weakness in the U.S. and supply challenges, but Bernstein thinks there is enough data in the release to make long-term investors worry about their long-term assumptions. Growth in Nespresso and petcare were both big misses and had negative RIG. 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