Nestlé's problems go deeper than feared.
For all my loved ones who were so euphoric after the CEO change.
An interesting analysis. $NESN (-0.15%)
Geographically, the sales losses in the most important market, North America, are striking. Nestlé is paying the toll for the price increases. The fact that more and more people in the USA are turning to weight-loss injections is likely to have an even greater impact on the ready-made pizza business in the future. The protein and vegan products promoted by Nestlé will not be able to make up for this. Here too, however, the consumer world is not black and white: the confectionery division is showing robust growth. Even those who are on Ozempic apparently treat themselves to a Kitkat bar now and again.
