Sat, Jul 31, 2021 10:49 AM by Currency Times

Analyst Corner – Nestle: Maintain ‘hold,’ cut earnings estimates by ~4%

Key risks are consumption slowdown linked to economic performance and keyman risk. Domestic revenue growth of 14% was unexciting (below consensus as well as I-SEC estimates) in the context of a supportive base (2-year CAGR: +8%). While gross margins were supportive, higher logistics costs and normalisation of marketing spends (in our opinion) weighed on ebitda […]

#share market