October 18, 2018 / 12:51 PM / a month ago

BRIEF-Nestle expects acceleration of growth in Q4, largely due to comps

Oct 18 (Reuters) - Nestle SA:

* CEO SAYS STARBUCKS DEAL WILL SUPPORT NESTLE’S GLOBAL COFFEE BUSINESS GOING FORWARD

* CEO SAYS SEES COMPETITIVE INTENSITY IN WESTERN EUROPE IN SOLUBLE AND PORTIONED COFFEE

* CEO SAYS NOT HAPPY WITH DEVELOPMENT IN FROZEN FOOD, HAS WORK TO DO ON OPERATIONAL ISSUES

* CEO SAYS STILL COMMITTED TO U.S. FROZEN FOOD FROM STRATEGIC POINT OF VIEW

* CFO SAYS DOES NOT EXPECT VERY SIGNIFICANT CHANGES ON PRICING BETWEEN Q3 AND Q4

* CEO SAYS EXPECTS PRESSURE FROM EUROPEAN RETAILERS ON PRICING TO GO ON

* CEO SAYS EXPECTS INFLATIONARY TENDENCIES TO HELP NESTLE’S BUSINESS IN 2019 AND BEYOND

* CFO SAYS EXPECTS TO MAINTAIN HIGH LEVEL OF REAL INTERNAL GROWTH

* CFO SAYS BRAZIL REMAINS CHALLENGING, BUT WE SHOULD BE IN POSITIVE TERRITORY IN Q4

* CEO SAYS DOES NOT EXPECT RESEARCH AND DEVELOPMENT BUDGET TO GO UP

* CFO SAYS EXPECTS TO SEE SOME ACCELERATION OF GROWTH IN Q4, LARGELY DUE TO COMPS Further company coverage: (Reporting by Silke Koltrowitz)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below