Strong start to the year driven by stockpiling in the Americas and Europe. Weak AOA with sales in China down by a double- digit percentage, which we believe sets the tone for the next quarter. These results follow the previously expected trend and we see no major change to our estimates. Nestlé continues to be in our top-pick list in the current environment.
24 Apr 2020
(Not surprisingly) it outperforms other F&B players
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(Not surprisingly) it outperforms other F&B players
Nestle S.A. (NESN:PRA) | 0 0 0.2% | Mkt Cap: 236,088m
- Published:
24 Apr 2020 -
Author:
Laura Parisot -
Pages:
3
Strong start to the year driven by stockpiling in the Americas and Europe. Weak AOA with sales in China down by a double- digit percentage, which we believe sets the tone for the next quarter. These results follow the previously expected trend and we see no major change to our estimates. Nestlé continues to be in our top-pick list in the current environment.