0722 GMT - Nestle's full-year results offer relief after both organic sales growth and 2025 guidance were very much as expected, RBC Capital Markets' James Edwardes Jones and Wassachon Fon Udomsilpa say in a research note. The Swiss packaged-food giant's results were fractionally ahead of a company-compiled consensus, the analysts say. The results benefited from a small decline in marketing spending in the second half relative to the first, RBC says. In 2025, the company guides for savings of 700 million Swiss francs from a cost-cutting program disclosed in November, with 400 million francs in savings expected to be recurring. "Given the market's concerns around the margin impact of commodity cost inflation, we believe this should be a relief," RBC says. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 02:22 ET (07:22 GMT)
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