Nestlé Aktie News

Fortune.com recently reported that artificial intelligence (AI) is helping the pet care industry cope with a chronic veterinary shortage. AI use cases could become far more prevalent for pets than humans in the near term due to fewer impediments such as privacy laws.

Nestlé S.A (OTCPK:NSRGY) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants Mark Schneider - Chief Executive Officer Anna Manz - Chief Financial Officer Luca Borlini - Head of Investor Relations Conference Call Participants Warren Ackerman - Barclays Jon Cox - Kepler Guillaume Delmas - UBS Celine Pannuti - JPMorgan Jeremy Fialko - HSBC Pascal Boll - Stifel Bruno Mon...

Nestlé S.A. (OTC:NSRGF, VTX:NESN) shares sank to around a four-year low after the Nespresso and Kitkat maker's underlying growth was down in the first three months of the year due to further softening of US consumer demand.

While price rises are starting to slow for companies like Nestle and Unilever after months of heading higher, the battle to win back consumers is far from over.

Nestle's first-quarter organic sales missed forecasts as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.

Nestle India reported a bigger-than-expected increase in its quarterly profit on Thursday, as it benefited from higher product prices and demand for its packaged food items.

The Indian food regulator has started an enquiry into Nestle India over the alleged use of sugar in baby food products in low-income countries, including India, by its Swiss parent, the Economic Times (ET) reported on Thursday.

The Mag Seven stocks have powered gains in the U.S. market. Now, the hunt is on for an equivalent group of outperformers elsewhere.