Nestlé First Half 2024 Earnings: EPS Misses Expectations
Nestlé (VTX:NESN) First Half 2024 Results
Key Financial Results
Revenue: CHF45.2b (down 2.7% from 1H 2023).
Net income: CHF5.64b (flat on 1H 2023).
Profit margin: 13% (in line with 1H 2023).
EPS: CHF2.16.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nestlé EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Switzerland.
Performance of the Swiss Food industry.
The company's shares are down 6.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Nestlé has 1 warning sign we think you should be aware of.
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