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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.