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☆ Nestlé to close operations in Myanmar
▼ + stars: | 2023-03-01 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

CNN —Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it switches to a more “sustainable” business model amid ongoing turmoil in the country. Myanmar has been rocked by violence and instability since 2021 when a military coup ousted democratically elected leader Aung San Suu Kyi and her government. “We will do all we can to support everyone affected by this decision,” a Nestlé spokesperson told CNN Tuesday in a statement. Total (TOT) started operating the offshore Yadana gas field in Myanmar in 1992, and was the biggest shareholder in the project. “Nestlé started distributing our products in Myanmar in 1991 and expanded our presence in the country,” the spokesperson said.

☆ Nestlé, the world's biggest consumer food company, says it will keep hiking prices in 2023, and that its rivals will have to do the same
▼ + stars: | 2023-02-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Food and drinks conglomerate Nestlé says it will continue putting up prices in 2023. The Swiss conglomerate said at its fourth-quarter earnings call on Thursday that the price increases would be targeted rather than across the board. Pet care, prepared dishes, cooking aids, milk products, and ice cream had the largest price increases globally. "In 2022, pricing became the largest contributor to growth," CFO François Roger said, meaning that price increases led to more growth in revenues as sales growth declined. Nestlé's upcoming rises will be justified by data "otherwise retail partners and consumers will simply not accept price increases," Schneider said.

☆ Nestlé Sells Less After Raising Prices, Moves to Drop Some Unpopular Lines
▼ + stars: | 2023-02-16 | by ( Peter Stiff | ) www.wsj.com time to read: 1 min

KitKat-maker Nestlé is trying to balance how much it can raise prices by without prompting consumers to cut back on purchases. Nestlé SA reported a fall in sales volumes for the fourth quarter as the maker of Nescafé coffee and Purina pet food raised prices to offset soaring costs and halted sales of some less popular products. The Swiss packaged-foods giant said Thursday that sales volumes fell 2.6% in the last three months of 2022, with prices rising by an average of 10.1%. Organic growth for the quarter was 7.5%, below analysts’ expectations.

☆ Nestle full year profit misses forecasts despite price increases
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

The maker of the KitKat chocolate bar and Nescafe instant coffee said its net profit attributable to shareholders fell to 9.3 billion Swiss francs ($10.08 billion), missing forecasts for 11.6 billion francs in a company gathered consensus of analysts. Sales increased to 94.4 billion francs, missing forecasts for 95.02 billion francs, despite price increases introduced during the year. Nestle had targeted organic growth of 8% for the year. Pricing was by far the biggest component of the organic growth, increasing by 8.2%. "Organic growth was solid, margins continued to be resilient, and our underlying earnings per share development was strong."

☆ Nestle plans price hikes after inflation eats into profits
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: +2 min

He declined to comment on the planned level of price increases, which he said were necessary to offset the damage caused by commodity price rises. That is after all the pricing we have done in 2022," Schneider told reporters. Europe was the company's main drag on margins last year, with Nestle taking a roughly 190 basis point margin hit. Schneider told CNBC: "It had a lot to do with inflation hitting North America earlier, in 2021, and for different reasons. Europe saw a spike in inflation, in energy costs, especially after the invasion of Ukraine.

☆ Nestlé says food prices will rise further this year
▼ + stars: | 2023-02-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Food, including ice cream, will see significant price increases in 2023, CEO Alan Jope said on the same call. Unilever said price increases caused sales volumes to decline by 2.1% in 2022. Heineken, meanwhile, said it expected to sell less beer in Europe this year because of “steep” price increases related to energy costs. At the time, Tesco (TSCDF) described the company’s price increases as “unjustifiable.” Once the products were restored, prices were unchanged on Heinz’s most popular lines. Gabby Jones/Bloomberg/Getty ImagesTesco has also “fallen out with other suppliers” over price increases, its chairman John Allen recently told the BBC.

☆ Nestle to hike food prices further in 2023, CEO says
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +1 min

Feb 4 (Reuters) - Nestle (NESN.S) will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. The increases will not be as steep as they were in 2022, but "we have some catching up to do over the full year," Schneider was quoted as telling Frankfurter Allgemeine Zeitung in an interview due for publication on Sunday. In the first nine months of 2022, the world's biggest food group, which makes KitKat chocolate bars and Nescafe reported organic sales growth of 8.5%, of which price rises accounted for 7.5 percentage points. Inflation in many developed economies has been running at multi-decade highs, driven in large part by increases in prices of food and energy. Reporting by John Stonestreet; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Nestle nudges 2022 sales outlook higher again
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Kit Kat chocolate covered wafer bars manufactured by Nestle are seen in London, Britain, July 25, 2018. REUTERS/Hannah McKay/Photo Illustration/File PhotoSummarySummary Companies Now sees organic sales up 8.0-8.5% vs around 8% beforeMakes progress on share buyback programmeLaunches review of peanut allergy treatmentZURICH, Nov 29 (Reuters) - Nestle (NESN.S) has nudged its 2022 sales outlook higher again, the world's largest packaged food company said ahead of an investor seminar on Tuesday. The company said it now expected organic sales growth of 8-8.5%, up from an October forecast of around 8%, and an underlying trading operating profit margin of around 17.0%. Nestle confirmed it was aiming to repurchase 20 billion Swiss francs ($21.09 billion) worth of shares from 2022 to 2024 and said it had already bought around 9.7 billion francs worth. Nestle shares were indicated 0.8% higher in pre-market activity.

German chemicals maker Covestro (1COV.DE) lowered its 2022 earnings guidance for the third time this year, blaming gas and raw material prices. Gas prices in Europe have eased in response to an unusually warm October and projections of a mild winter. The group, which relies heavily on natural gas, is buying from outside Europe, where prices are lower. RACE TO CUT COSTSCompanies across Europe are racing to reduce their energy use ahead of the winter when demand increases as households turn up the heat. Chemical companies are among the hardest hit by the energy crisis because they use gas as a raw material for production and as an energy source.

A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.

☆ Nestlé to Acquire Seattle’s Best Coffee Brand From Starbucks
▼ + stars: | 2022-10-19 | by ( Peter Stiff | ) www.wsj.com time to read: 1 min

Nestle, which makes Nescafe and Nespresso, said its acquisition of the Seattle’s Best Coffee brand would add depth to its North American portfolio. Nestlé SA said it has agreed to acquire the Seattle’s Best Coffee brand from Starbucks bolstering the Nescafe and Nespresso owner’s coffee business in the U.S. The world’s largest packaged-food maker said Wednesday that the acquisition of the brand, which sells a range of packaged coffee in grocery stores as well as in locations such as workplaces, universities and hotels, would add depth to its North American portfolio. Nestlé didn’t disclose the terms of the deal.

The maker of KitKat chocolate bars and Nescafe reported organic sales, which cut out the impact of currency movements and acquisitions, rising by 8.5% in the nine months to end-September. "We delivered strong organic growth as we continued to adjust prices responsibly to reflect inflation," the company's chief executive Mark Schneider said. "Sales volumes have held up well so far but we are a way from peak cost of living squeeze." As a result Nestle raised its full-year outlook, saying it now expected organic growth of "around 8%" for 2022, up from a 7% to 8% increase previously. The Swiss company also confirmed its target for a trading operating profit margin of around 17%.

☆ Nestlé Faces a Chilly Winter Back Home
▼ + stars: | 2022-10-19 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Considering inflation is at a four-decade high in some of its key markets, Nestlé’s sales are surprisingly healthy. The Swiss food giant, which sells brands including Nescafé coffee and Purina pet food, reported its highest quarterly growth in 14 years on Wednesday and raised its full-year outlook. Sales increased by 9.3% at constant currencies for the three months through September, compared with a year earlier. Products that are consumed outside the house, like bottled water and confectionery, sold well. Demand for these goods fell during lockdowns last year but has bounced back as people return to more normal routines.

☆ Nestle raises FY outlook as KitKat maker pushes through price hikes
▼ + stars: | 2022-10-19 | by ( John Revill | ) www.reuters.com time to read: +3 min

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. The KitKat chocolate bar maker reported organic sales, which cut out the impact of currency movements and acquisitions, rising by 8.5% in the nine months to end-September. As a result Nestle raised its full-year outlook, saying it now expected organic growth of "around 8%" for 2022, up from a 7% to 8% increase previously. The Swiss company also confirmed its target for a trading operating profit margin of around 17%. "Our real internal growth remained resilient despite a high base of comparison and continued supply chain constraints, with limited demand elasticity," Schneider said.

☆ Nestle raises full-year sales guidance after nine-month sales beat
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Oct 19 (Reuters) - Nestle (NESN.S) reported better-than-expected nine-month sales on Wednesday and raised its full-year guidance as the world's largest packaged food company successfully passed on price increases to customers. The maker of KitKat chocolate bars and Nescafe instant coffee posted sales of 69.1 billion Swiss francs ($69.43 billion), beating the 68.9 billion francs forecast in a company gathered consensus of 23 analysts. Organic growth, which cuts out the impact of currency movements and acquisitions, was 8.5% in the nine months to the end of September, better than the 8.3% increase that was forecast, and the company's highest organic growth since 2008. The Swiss company confirmed its target for a trading operating profit margin of around 17%. "We delivered strong organic growth as we continued to adjust prices responsibly to reflect inflation," Chief Executive Mark Schneider said in a statement.

☆ Nestle India's profit tops estimates on price hikes, demand rebound
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - Nestle India (NEST.NS) reported a bigger-than-expected rise in third-quarter profit on Wednesday, benefiting from price increases and a rebound in demand for its chocolates and packaged foods in rural areas. The Maggi noodles maker's profit rose 8.3% to 6.68 billion Indian rupees ($81.1 million) in the quarter ended Sept. 30. Analysts on average were expecting a profit of 6.57 billion rupees, according to IBES data from Refinitiv. "Growth has been very strong in the large metros and mega cities and continued to be robust across smaller town classes, including rural markets," Nestle India Managing Director Suresh Narayanan said in a statement. However, analysts says that certain categories, including noodles and biscuits, defied the trend as people consider such items small treats during economic downturns, adding to Nestle's resilient urban sales momentum.

☆ I visited Aldi and Lidl's stores and spotted the strategies they use to save shoppers money, from mimicking big-name brands to selling products straight out of crates
▼ + stars: | 2022-09-25 | by ( Grace Dean | ) www.businessinsider.com time to read: 1 min

While Aldi and Lidl both sell some big-name brands, they mainly sell own-label products. Some of their products appear to be based closely on popular brands, and in many cases were displayed right next to them but sold for much lower prices. Younger shoppers are increasingly brand-agnostic, and inflation is pushing more customers to trade down. Coffee sachets made by Nescafé that cost £1.69 ($1.96) were next to Aldi's own-label equivalent Alcafé that cost £0.95 ($0.98). Their boxes look very similar at first glance, and the shelf labels described them both as "frothy coffee sachets."

Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.

☆ В Nestle признали 2/3 своей продукции вредной для здоровья человека
▼ + stars: | 2021-06-01 | by ( Super User | ) mybusiness.md time to read: +1 min

В швейцарской транснациональной корпорации Nestle (бренды KitKat, Maggi, Nescafe, Nesquik и Nestea) заявили, что 60% продукции компании вредны для здоровья, а некоторые категории продуктов никогда не смогут стать частью здорового питания, сколько бы компания их ни обновляла. Об этом говорится в презентации Nestle, пишет Financial Times. 96% напитков, за исключением кофе, а также 99% кондитерских изделий и мороженого Nestle, также не прошли порог, сообщает znak.com. Одними из самых вредных продуктов были признаны пицца Digorno с мясом на слоеном тесте: она содержит 40% суточной нормы натрия, а пицца Hot Pockets с пепперони — 48% от суточной нормы натрия. Напомним, компания Nestle производит растворимый кофе, воду, шоколад, мороженое, сухие растворимые бульоны, молочные продукты, детское питание, корм для домашних животных, фармацевтическую продукцию и косметику.

Persons: Maggi, Nescafe Organizations: Nestle, KitKat, Financial Times

☆ Как отличить качественный растворимый кофе от «желудей»
▼ + stars: | 2020-12-05 | by ( Super User | ) mybusiness.md time to read: +3 min

Внешний вид упаковкиФорма упаковкиКазалось бы, идеальная упаковка для растворимого кофе – стеклянная банка, сквозь которую можно увидеть, как выглядит содержимое. Характеристики кофеВнешний видНатуральный растворимый кофе должен быть ровного светло-коричневого цвета без вкраплений белого. Органолептические свойстваУ качественного растворимого кофе, созданного из натурального жареного кофе по технологиям сублимирования («фриз драйд»), сушки распылением («спрей драйд») или гранулирования, есть одна общая черта: довольно яркий кофейный аромат, хотя и уступающий по силе зерновому. Что касается качественного растворимого кофе, вопрос выбора стоит только во вкусе. Где покупать качественный растворимый кофеЕсли зерновой и молотый кофе считается хорошим тоном покупать в специализированных магазинах, растворимый покупатели чаще всего берут в супермаркетах «у дома».

Persons: tea.ru Organizations: Jardin Kenya, Jacobs Monarch, Росконтроль Locations: Jardin, Россия, Финляндия, Германия

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