The earnings call presented a balanced view with solid achievements in organic sales growth and cash flow improvements, but faced challenges in North America and the impact of commodity prices on profit margins. The commitment to investment in growth and efficiency programs was positive, countered by concerns over weak consumer demand and slowed growth in PetCare.

Company Guidance

During Nestlé's 2024 results conference call, guidance for 2025 was provided with several key metrics highlighted. The company expects organic sales growth to improve compared to 2024, driven by strategic actions to accelerate category growth and enhance market share. Despite an anticipated increase in commodity costs, particularly in coffee and cocoa, Nestlé aims to maintain its UTOP margin at or above 16% by leveraging its CHF 2.5 billion cost savings program, "Fuel for Growth," which targets procurement and operational efficiencies. The company also plans to increase advertising and marketing investments to 9% of sales by the end of 2025. Additionally, Nestlé projects a decrease in free cash flow compared to 2024, influenced by higher restructuring costs and a smaller improvement in working capital, despite anticipated reductions in CapEx. The company is committed to enhancing its innovation pipeline and addressing underperformance in certain segments to support its long-term growth ambitions.

Organic Sales Growth Achieved

Nestlé delivered 2.2% organic sales growth with real internal growth (RIG) of 0.8% and pricing of 1.5%.

Strong Free Cash Flow

Free cash flow improved by CHF 0.9 billion to CHF 10.7 billion, driven by reduced working capital, lower tax, and decreased cash restructuring costs.

Successful Efficiency Programs

CHF 1.2 billion of efficiencies were delivered, with CHF 500 million from recipe reformulation and the rest from technology programs in plants and logistics.

Continued Investment in Growth

Nestlé plans to reach 9% of sales in advertising and marketing investments by the end of 2025, focusing on taste, quality, innovation, and distribution.

Positive Performance in Health Science and Coffee

Nestlé Health Science saw an improvement in market share trends with Nespresso's solid RIG-led growth mainly driven by the U.S.

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Nestle SA Reg (DE:NESM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:NESM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	2.38 / -	2.728	―	―	―
Feb 13, 2025	2024 (Q4)	1.22 / 2.48	1.195	107.68% (+1.29)
Jul 25, 2024	2024 (Q2)	2.58 / 2.73	1.128	141.78% (+1.60)	―
Feb 22, 2024	2023 (Q4)	2.92 / 1.20	2.55	-53.13% (-1.35)
Jul 27, 2023	2023 (Q2)	2.54 / 1.13	2.329	-51.56% (-1.20)
Feb 16, 2023	2022 (Q4)	2.59 / 2.55	2.339	9.04% (+0.21)
Jul 28, 2022	2022 (Q2)	2.09 / 2.33	2.29	1.71% (+0.04)	―	―
Feb 17, 2022	2021 (Q4)	2.38 / 2.34	2.344	-0.24% (>-0.01)	―	―
Jul 29, 2021	2021 (Q2)	2.23 / 2.29	2.107	8.67% (+0.18)	―	―
Feb 18, 2021	2020 (Q4)	- / 2.34	2.228	5.24% (+0.12)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:NESM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	€83.40	€88.80	+6.47%
Jul 25, 2024	€97.40	€92.80	-4.72%
Feb 22, 2024	€101.28	€97.07	-4.15%
Jul 27, 2023	€107.64	€111.55	+3.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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