Nestle
Nestle SA (SWX:NESN) reported Q1 sales of CHF 22.2bn (Swiss francs), reflecting organic growth of 7.6%. Volumes and pricing contributed 2.4% and 5.2% respectfully. Growth was broad-based across most geographies and categories, with out-of-home sales (think hospitality) now ahead of pre-pandemic levels. Q1 2022 hedge fund letters, conferences and more Full year guidance remains on track, with organic sales growth expected around 5% and underlying trading operating profit margin between 17.0% and 17.5%. CEO Mark Schneider said, “Cost inflation continues to increase sharply, which will require fu...
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Washington (AFP) - The US Supreme Court tossed out a lawsuit on Thursday against Cargill and Nestle USA that accused the food giants of aiding and abetting slavery by using cocoa harvested from plantations in the Ivory Coast that used forced child labor. In an 8-1 ruling, the court ruled that US courts did not have the jurisdiction to decide the case, which was filed by six citizens of Mali who said they had been used as child slaves in the Ivory Coast. A lower court, the US Court of Appeals for the Ninth Circuit, had allowed the lawsuit to proceed but the nation's highest court disagreed. "R...
AFP
Nestle S.A. (OTCMKTS:NSRGY) (SWX:NESN) operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. Q4 2020 hedge fund letters, conferences and more The company is based in Switzerland, and reports earnings and pays dividends in Swiss Franks (CHF). I use the Swiss Frank as reporting currency for this analysis. But when converting for US dollars, be aware that there will be some fluctuations due to changes in currency rates. There is also a 15% withholding ta...
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