0742 GMT - Nestle's guidance update came with an opaque growth margin target for 2025, but investors were fearing a more dramatic cut, Jefferies analysts say. The Swiss food company said its midterm outlook was for 4% organic sales growth and an operating margin of 17%. This implies profit margin growth of around 3% in 2025, and a 0.5% cut to market consensus for EPS, they say. Market consensus for 2026 is unlikely to change, the analysts add. Nestle's realistic targets could put the credibility of more optimistic peers under question, they say. (michael.susin@wsj.com)
(END) Dow Jones Newswires
November 19, 2024 02:42 ET (07:42 GMT)
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