Nestle SA

Nestlé SA is a nutrition, health, and wellness company, which engages in the business of manufacturing, supplying, and producing prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods, and cereals. It operates through the following segments: Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nestlé Health Science; and Nespresso. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.

"Inflation has left its mark on gross margins and profit margins," Nestlé CEO Mark Schneider said. "Clearly, some repairing still needs to be done."

Nestlé, the world's biggest consumer food company, says it will keep hiking prices in 2023, and that its rivals will have to do the same

Nestle SA (OTCPK:NSRGY) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET Company Participants Luca Borlini - Head, IR Mark Schneider - CEO François Roger - EVP & CFO Conference Call Participants Jon Cox - Kepler Cheuvreux Guillaume Delmas - UBS Celine Pannuti - JPMorgan Chase & Co. Patrik Schwendimann - Zürcher Kantonalbank Jeremy Fialko - HSBC John Ennis - Goldman Sachs Group Jeffrey Stent - BNP Paribas Exane Bruno Monteyne - Sanford C. Bernstein & Co. Thomas Sykes - Deutsche Bank James Jones - RBC Capital Markets David Hayes - Societe Generale Warren Ackerman - Barclays Bank Luca Borlini Good afternoon, and good morning to everyone.

Nestle SA (NSRGY) Q4 2022 Earnings Call Transcript

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Nestle has become the latest company warns prices are going up in 2023 to repair its profit margins. The Swiss food and drink conglomerate will increase its prices in order to achieve organic sales growth of 6%-8% for 2023, it revealed in its latest full-year results presentation.

Nestle and Heineken the latest to announce price hikes as cost pressures continue

The maker of Nescafé coffee and Purina pet food said sales volumes fell after it raised prices to offset soaring costs.

Nestlé Sells Less After Raising Prices, Moves to Drop Some Unpopular Lines

Nestle SA reported full-year profit and sales below expectations despite price increases to battle rampant inflation, and set out guidance for 2023.

Nestle reports 2022 profit drop, but sees ‘robust' growth in the year ahead

Nestle reported weaker than expected full year net profit despite the world's biggest food group passing on higher raw material costs by hiking prices for customers.

Nestle full year profit misses forecasts despite price increases

Nestlé announced today that it nominates Rainer Blair, President and CEO of Danaher Corporation, a global science and technology company, and Marie-Gabrielle Ineichen-Fleisch, former State Secretary and Director of the Swiss State Secretariat for Economic Affairs (SECO), for election to its Board of Directors. The elections will take place at the company's Annual General Meeting (AGM) on April 20, 2023.

Nestlé proposes Rainer Blair and Marie-Gabrielle Ineichen-Fleisch as new independent members of its Board of Directors

Total reported sales increased by 8.4% to CHF 94.4 billion. Net acquisitions had a positive impact of 1.1%. Foreign exchange decreased sales by 0.9%.

Nestlé reports full-year results for 2022

Nestle will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported.

Nestle to pay ex manager $2.2 million over bullying case, Tages-Anzeiger reports

Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper.

Nestle to hike food prices further in 2023, CEO says

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Global food giant Nestle is set to invest $100 million over the next three years in its Colombian operations, President Gustavo Petro said on Friday, part of his push to boost industrialization.

Nestle unveils $100 mln Colombia investment to grow capacity

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Almost a year after Vladimir Putin launched the devastating invasion of Ukraine, Western companies' alleged links to Russia are still under the microscope.

Moral Rating Agency slams Western companies, including Microsoft and Nestlé, over alleged supply of products to Russia

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Tariffs on baby formula are set to resume in the new year, despite supply chain issues and some still empty shelves.

Baby-formula imports to face tariffs again in 2023

Imported baby formula would be subject to tariffs again in the new year, after the expiration of exemptions implemented amid a nationwide shortage, the Wall Street Journal reported on Wednesday.

Baby formula imports to face tariffs again in 2023 - WSJ

What do big companies see when they look toward the future? I talked with Melissa Cash, chief strategy officer at Nestlé, about the trends Nestlé is predicting.

Trends For 2023: Nestlé Looks To The Future

Nestlé to invest $43 million to launch a new production facility in western Ukraine as the country is dealing with the economic impact of Russia's invasion.

Nestle announces launch of $43 million facility in Ukraine

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Nestle will invest $42.88 million to launch a new production facility in western Ukraine, the company said on Monday.

Nestle to build $43M facility in war-torn Ukraine

Nestle (NESN.S) will invest 40 million Swiss francs ($42.88 million) to launch a new production facility in western Ukraine, the company said on Monday.

Nestle to launch new Ukraine facility in rare war-time investment

Nestlé S.A. has seen strong sales growth this year. In spite of higher prices, demand has continued to remain strong.

Nestlé: I Take A Bullish View

Nestlé is partly offloading its Freshly meal delivery business following disappointing results. The food and beverage giant announced earlier this month that it is forming a partnership with private equity firm L Catterton whereby the ready-made meal company will merge with the firm's Kettle Cuisine food production company.

Nestlé's Freshly Deal Indicates Meal Subscriptions Are Facing Reckoning

Palforzia, the world's only approved peanut allergy drug, has so far proved a flop, potentially due to a laborious treatment process.

News for Nestle SA Stock (NSRGY)