Nestle's U.S. PetCare, Coffee Seen as Swing Factors in 3Q
Dow Jones15:41
0741 GMT - Nestle's U.S. PetCare and coffee businesses are key swing factors in the upcoming third-quarter update, analysts at Barclays say in a note. Its PetCare business faced retailer destocking pressures in the second quarter, because customers had elevated inventories built up from when supply was constrained in the past, the analysts write. Coffee should also benefit as customers adjust to prior price rises, they say, particularly in the Starbucks platform. The consumer-foods giant's shares are up 0.9% at 81.80 Swiss francs.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments