Nestle reported 9m results in line with the consensus estimates. Growth was strongly supported by the significant performance in the USA and Purina Petcare globally. Good cash inflows, from cash development and disposals, strongly contributed to the group’s decision to distribute up to CHF20bn in buy-backs over 2020-22. Nothing stops Nestlé anymore.
17 Oct 2019
USA and Petcare drive up Q3 growth
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USA and Petcare drive up Q3 growth
Nestle S.A. (NESN:PRA) | 0 0 0.2% | Mkt Cap: 236,088m
- Published:
17 Oct 2019 -
Author:
Laura Parisot -
Pages:
3
Nestle reported 9m results in line with the consensus estimates. Growth was strongly supported by the significant performance in the USA and Purina Petcare globally. Good cash inflows, from cash development and disposals, strongly contributed to the group’s decision to distribute up to CHF20bn in buy-backs over 2020-22. Nothing stops Nestlé anymore.