Nestle Cuts Its Outlook as Sales Stall
Nestle (NASDAQOTH: NSRGY) leads the food industry, and its role atop the sector has left the company vulnerable to adverse business trends. In many of the countries Nestle serves, sluggish economic growth has put pressure on consumers, with Nestle seeing the impact in its own revenue figures. The food giant has made efforts to bolster its financial results, but its actions haven't generated as quick of a turnaround as most investors would have preferred.
Coming into Thursday's release of its first-half results, Nestle investors wanted to see evidence that the company could make meaningful progress in boosting revenue while staying profitable. Nestle wasn't able to make that happen, with sales actually declining from the year-ago period and only minimal gains in earnings. Let's take a closer look at Nestle's results and what they mean for the food company going forward.
Image source: Nestle.
Source: Fool.com
