0949 GMT - Nestle's sales for the first quarter are expected to grow ahead of previous forecast and to be entirely driven by price increases, UBS analysts say. Organic sales from the maker of KitKat chocolate bars and Nescafe coffee are expected to grow 2.4% in the first quarter, compared with the previous estimates of 2.0% but below the market consensus of 2.7%, they say in a note. This is expected to be supported by a price increase of 1.7%, up from previous forecast of 1.2%, as Nestle passes on the cost increases of cocoa and coffee to consumers, they add. However, the reported sales forecast for the year as a whole has come down by around 2%, reflecting foreign exchange headwinds, dragging EPS expectations by 2% as well, they add. Shares are down 0.3%.(michael.susin@wsj.com)
(END) Dow Jones Newswires
March 26, 2025 05:49 ET (09:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。