Nestlé SA (NSRGF) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Nestlé SA has reported stable half-year results for 2024, with organic growth of 2.1% and a slight real internal growth improvement, amidst foreign exchange headwinds and net divestitures. Despite a total reported sales decrease of 2.7% to CHF 45.0 billion, the underlying trading operating profit margin rose to 17.4%, and the company expects organic sales growth of at least 3% for the full year. Notable was the robust growth in e-commerce sales and a solid performance in emerging markets, led by Europe.
For further insights into NSRGF stock, check out TipRanks’ Stock Analysis page.