Nestle SA
NESN: XSWX (CHE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Ll | LOCK|%N | LOCK|Gv$Bgb |
Nestlé Earnings: Volume Growth Accelerates, Profitability Under Temporary Pressure
Nestlé’s organic sales growth accelerated to 3.7% in the second quarter, but higher restructuring costs and asset write-downs reduced first-half reported net profit by 31.4%. The company also announced a water joint venture with Platinum Equity. Shares were down 6% in early trading on July 23.
