Nestlé

Nestlé Shares Tumble Following Abrupt Departure Of CEO

Nestlé shares tumbled early on Friday following the abrupt departure of chief executive Mark Schneider announced late on Thursday.

Mars has confirmed that it will purchase Kellanova in a nearly $36 billion agreement, making it the year’s biggest deal to date.

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its products despite higher prices.

Danone beat second-quarter sales expectations on Wednesday, boosted by higher sales volumes as price hikes slowed.

Procter & Gamble posted a surprise drop in Q4 sales on Tuesday as demand for its products slowed despite efforts to keep prices in check.

Keurig Dr Pepper reported a rise in second-quarter revenue and profit buoyed by higher prices and strong demand.

Nestlé lowered its sales outlook on Thursday, slowing the pace of price hikes sooner than hoped due to increasingly cost-conscious consumers.

Unilever beat first-half profit expectations on Thursday boosted by resilient pricing even as sales growth was disappointing.

ABOUT US

Get the app today!