1342 GMT - Nestle's investors will be looking for signs of improvement in real internal growth--or sales volume growth, a key metric for the sector--at the company's earnings for 2024, Morningstar equity analyst Diana Radu says in a note. The Nescafe coffee maker is expected to have had headwinds in 2024, particularly from consumers choosing cheaper options and high input costs for key categories like coffee and cocoa, the analyst says. Despite the new board's actions to take the company in the right direction, those interventions will take time to gain traction, the analyst says. Looking ahead in 2025, Morningstar expects organic sales growth guidance to fall between the 2024 target of 2% and the midterm goal of over 4%. Shares are down nearly 20% on a 52-week basis.(michael.susin@wsj.com)
(END) Dow Jones Newswires
February 12, 2025 08:42 ET (13:42 GMT)
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