Nestle SA

NESN: XSWX (CHE)
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Nestlé: Organic Sales Beat Expectations Despite Infant Formula Headwinds; Shares Fairly Valued

Nestlé delivered organic sales growth of 3.5% in the first quarter, driven by 1.2% volume growth and 2.3% pricing. While slowing sequentially, the result is solid, particularly given the infant formula disruptions experienced during the period. Shares surged 7% at the market open on April 23.

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