News Formal

Nestle climbs to a record high after its exclusive deal with Starbucks boosts earnings

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

'Across our categories increased investment behind our brands and in innovation is clearly paying off,' said CEO Mark Schneider in a statement.

Shares rose to a record high on the news.

The quarter was boosted by growth in pet care and coffee, following Nestle's deal with Starbucks to sell its branded packaged coffee exclusively., the packaged-foods company behind brands such as Nespresso and Perrier, rose more than 2.27% to a record high Friday after the company reported second-quarter results that exceeded analyst expectations, driven by sales of coffee and pet-care products.

The strong earnings were led by growth in the United States and Brazil. Organic growth was up 3.6%, and total reported sales increased by 3.5% to roughly $45 billion. The company also confirmed its full-year outlook for 2019. It expects organic sales growth of about 3.5% and the full-year operating profit margin at or more than 17.5%.

"Across our categories increased investment behind our brands and in innovation is clearly paying off, as reflected in our strong momentum in PetCare and the return to mid single-digit growth in coffee," said CEO Mark Schneider

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Starbucks climbs on strong earnings, raised full-year outlook'Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures,' said CEO Kevin Johnson.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Wall Street nears record high on upbeat earnings, GDP dataA week full of strong corporate earnings reports was 'just what the market needed,' said one financial analyst. GDP data? What...slowed growth? 2.1 is DOWN from last quarter Must have been Obama’s doing, Trump only does bad stuff,right?
ソース: NBCNews - 🏆 10. / 86 続きを読む »