Investors should consider buying shares of these international dividend aristocrats now, especially as the valuations of U.S. stocks continue to soar. The latest decision of the company to offer a 3-for-1 stock split and share buyback program proves that the company is trying to increase shareholder value. It currently has a total shareholder yield of 2.51% Even though Q1 2024 was not very promising, management was quite upbeat about the full-year guidance and predicted a strong recovery from Q2 onward. Con ...

Financial Data and Key Metrics Changes - Gross margin is expected to improve for the full year against 2023, with underlying trading operating profit margin increasing by 50 basis points to 16.4% [2][5] - Free cash flow increased to CHF4 billion from CHF3.4 billion, driven by working capital movements [3] - Underlying earnings per share increased by 3.3% to CHF2.51 in constant currency, while reported earnings per share decreased by 1 percentage point to CHF2.40 due to exchange rate impacts [4] Business Line Data and Key Metrics Changes - Coffee sales grew by 3.7%, indicating strong brand portfolio performance [60] - PetCare saw mid-single-digit growth, although there is a deceleration after four years of exceptional growth [60] - Nutrition and Health Science reported positive growth, with infant nutrition growing by 1.3% [61] Market Data and Key Metrics Changes - The US market is experiencing increased price elasticity as consumers seek value, leading to a more challenging pricing environment [6] - E-commerce and out-of-home channels in Zone AOA delivered solid organic sales growth, with strong contributions from affordable offerings [51] Company Strategy and Development Direction - The company is focused on RIG-led growth, with a strategy to invest in brand building and new product launches [1][7] - Management emphasized the importance of maintaining competitive pricing while navigating a high promotional environment [18] - The company plans to continue its share buyback program, which contributed to the increase in underlying earnings per share [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in RIG momentum but acknowledged the challenges posed by a more competitive pricing environment [6][7] - The company expects organic sales growth of at least 3% for the full year and a mid-single-digit increase in underlying earnings per share in constant currency [7] - Management highlighted the importance of execution excellence in driving consistent growth delivery [58] Other Important Information - The company is making progress in improving working capital, which started in the second half of the previous year [3] - The Nestlé Health Science business is expected to deliver double-digit growth in the second half of the year [52] Q&A Session Questions and Answers Question: Concerns about pricing and volume mix - Management clarified that the current pricing environment is complex, and they are focused on earning RIG through compelling product propositions rather than simply cutting prices to drive volume [17] Question: Gross margin outlook - Management indicated that while gross margin improved in the first half, it may be lower in the second half due to rising input costs from coffee and cocoa [18] Question: Growth engines returning to 4% to 6% range - Management expressed confidence that the portfolio can deliver mid-single-digit growth in a normalized state, despite recent challenges in key growth categories [21][22] Question: New product launch intensity and SKU proliferation - Management assured that processes are in place to manage SKU proliferation while increasing new product launches, emphasizing a focus on existing brand variants [22] Question: Performance in tracked vs. non-tracked channels - Management noted that non-tracked channels like e-commerce are growing faster due to a shift in consumer shopping behavior [27] Question: Nespresso growth outlook - Management remains optimistic about Nespresso's long-term growth potential, despite recent performance fluctuations [31]

Core Viewpoint - The stock market is at record highs, but there is a significant chance of a recession in the near future, prompting investors to seek defensive stocks to mitigate potential losses [1][2]. Group 1: Economic Context - There is an approximately 58 percent chance that the U.S. economy will enter a recession within the next 12 months, based on economic forecasts that analyze various interest rates [1]. - Current economic conditions include soaring inflation and interest rates, heightened geopolitical tensions, and upcoming presidential elections, all contributing to market volatility [2]. Group 2: Defensive Stocks - **Walmart (WMT)**: - Walmart is a leading retail operation with a strong presence in the North American grocery market and a growing e-commerce segment [4]. - It was the only stock in the Dow Jones Industrial Average that increased during the 2008 Financial Crisis, as its focus on value attracted consumers facing economic hardships [5]. - WMT stock is currently at all-time highs, benefiting from higher-income consumers seeking savings and improving profit margins as pandemic-related disruptions fade [6]. - **Procter & Gamble (PG)**: - Procter & Gamble is a major player in consumer wellness and cleaning products, with over 20 brands generating at least $1 billion in annual revenues, totaling more than $80 billion in annual revenues [8][9]. - PG shares had been flat for two years but have recently reached new all-time highs due to strong earnings and an improving outlook, making it a safe haven as the economy cools [10]. - **Nestle (NSRGY)**: - Nestle is one of the largest producers of packaged foods and generates approximately $102 billion in annual revenues [12]. - Although NSRGY stock has been flat over the past five years, it has risen over 900 percent since 1995 and consistently increases its dividend, making it a solid defensive stock for bear markets [14].

Milk products and Ice cream reported negative growth, reflecting, a high base of comparison in the prior year, particularly for our Coffee Mate business, and portfolio optimization actions. Growth in Confectionery was mid-single digit with sustained broad-based growth for KitKat, which continues to gain share across all geographies. And finally, sales in Water improved to a mid-single digit rate, underpinned by a rebound in Perrier and strong momentum for San Pellegrino. Overall, market shares are on an imp ...

Jon Cox - Kepler Luca, thank you, and a warm welcome to our conference call participants today. As always, we do appreciate your interest in our company, and we look forward to answering your questions. Let me move straight to the key messages for the year. I believe that in the context of soft consumer demand in the food industry, we have demonstrated resilient performance. I think in this environment, we did come in within our guided range both on organic growth and profitability. We did show, as we had i ...

This presentation contains forward looking statements which reflect Management's current views and estimates. The forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. • Strong organic sales growth of ...

Nestlé S.A. (OTCPK:NSRGY) Q3 2023 Earnings Conference Call October 19, 2023 7:00 AM ET Company Participants Luca Borlini - Head, Investor Relations Mark Schneider - Chief Executive Officer Francois Roger - Executive Vice President & Chief Financial Officer Conference Call Participants Guillaume Delmas - UBS Warren Ackerman - Barclays Celine Pannuti - JPMorgan Patrik Schwendimann - Zurcher Kantonalbank Jeremy Fialko - HSBC Bruno Monteyne - Bernstein James Edwardes Jones - RBC Tom Sykes - Deutsche Bank Jeff S ...

Nestle S.A. (OTCPK:NSRGY) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Luca Borlini - Head, Investor Relations Mark Schneider - Chief Executive Officer Francois Roger - Executive Vice President, Chief Financial Officer Conference Call Participants Warren Ackerman - Barclays Jon Cox - Kepler Cheuvreux Celine Pannuti - JPMorgan Patrik Schwendimann - Zurcher Kantonalbank Guillaume Delmas - UBS Bruno Monteyne - Bernstein Tom Sykes - Deutsche Bank Jeremy Fialko - HSBC Jeffrey St ...

87 Nestle Good food, Good life Half-year results 2023 PURINA Disclaimer | --- | --- | |-----------------------------------------------------------------------------------|-----------------------| | | | | Management's current views and estimates. The forward looking | statements | | involve certain risks and uncertainties that could cause actual results to differ | | | materially from those contained in the forward looking | statements. Potential | | risks and uncertainties include such factors as general ec ...

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 ...