Nestlé (SIX:NESN) reported H1 net profit CHF3.5bn and raised full‑year organic sales guidance despite FX headwinds, while restructuring—selling half of Waters and premium drinks to form Peranel for ~€3.0bn, folding ice cream into Froneri, divesting vitamins and boosting pet‑food capacity—drives the reset.
Previous Week Recap
- Nestlé H1 2026 Organic Growth: Nestlé H1 2026: organic sales +3.6% (Q2 +3.7%), RIG H1 +1.5% (Q2 +1.8%), UTOP margin 16.4% (-10bps), net profit CHF3.5bn, EPS CHF1.35, free cash flow CHF3.4bn. FX -6.2%.
- Nestlé Sells Waters Stake To Platinum Equity: Nestlé to sell 50% of Waters and premium beverages to Platinum Equity, forming Peranel (EV €4.9bn). Nestlé to get ~€3.0bn cash; closing targeted H1 2027, pending approvals.
- Nestlé Slips After Results, Raises Outlook: Nestle (NESN) fell ~7% after quarterly results. Company raised full‑year organic sales outlook and plans to raise €3.2B by selling part of its water and premium beverages business.
- Froneri JV Ice Cream Shift, Disposals Sought: Nestlé shifts remaining ice‑cream into Froneri JV, seeks buyers for Nature’s Bounty and other vitamin brands, expects a disposal loss on the vitamin segment and plans sales completion by H1 next year
- H1 Underlying Profit Down 2.8%: Nestlé (NESN): H1 underlying trading operating profit fell 2.8% YoY due to higher cocoa and coffee costs. Confectionery made up 9.7% of sales in the period.
- Purina Wet Food Plants Invested: Nestle (NESN) said Purina will invest CHF 520M in a Mantova, Italy wet pet‑food plant (production from 2029) and CHF 370M for a new wet‑food factory in Brazil to boost capacity.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.