Nestle plans sale of ice cream business as fourth-quarter sales growth beats estimates [MSNBC.com]
NESTLE S.A S/ADR (NSRGY)
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Source: MSNBC.com
Nestle For 2026, Nestle said it is targeting organic sales growth of 3% to 4%, along with an improvement in its underlying trading operating profit margin, which stood at 16.1% in 2025.The Vevey, Switzerland-based company also announced it was planning to sell its remaining ice cream business to Haagen-Dazs ownerIn addition, Nestle said it started the formal process to shed its water business earlier in the first quarter, and expects the business, which holds brands such as Henniez and Perrier to be deconsolidated by 2027.The company, under its new leadership duo of CEO Philipp Navratil and Chairman Pablo Isla, a former Inditex executive, have been focusing on streamlining the sprawling consumer giant, after years of operational and share-price underperformance."We are accelerating our strategy. We are focusing our portfolio on four businesses, led by our strongest brands, with prioritized resources and a simplified organization," Navratil said in a statement.Aninfant formula recallDa
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