Nestle SA ADR
NSRGY: OTCM (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| q!z | LOCK|#K | LOCK|V$>$P@f |
Nestlé Earnings: Volume Growth Accelerates, Profitability Under Temporary Pressure
Nestlé’s organic sales growth accelerated to 3.7% in the second quarter, but higher restructuring costs and asset write-downs reduced first-half reported net profit by 31.4%. The company also announced a water joint venture with Platinum Equity. Shares were down 6% in early trading on July 23.
