0629 GMT - Nestle's real internal growth, a measure of sales volume, is accelerating, says Vontobel's Jean-Philippe Bertschy in a note after first-half earnings. Cost savings are kicking in, and it is seeing material improvements in cash generation, he says. This has been reassuring because of its higher advertising and marketing spend, he adds. Nestle is showing that it can invest in growth, while still protecting free cash flow and profitability. The Swiss giant's portfolio reset is gaining momentum and growth quality is improving, he adds. (aimee.look@wsj.com)
(END) Dow Jones Newswires
July 23, 2026 02:36 ET (06:36 GMT)
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