SWX:NESNFood
Assessing Nestlé (SWX:NESN) Valuation As Baby Formula Recall Drives 24 Hour Production
Nestlé (SWX:NESN) is in focus after a global baby formula recall linked to the cereulide toxin pushed the company to run five European factories 24 hours a day to support supply and consumer confidence.
See our latest analysis for Nestlé.
The recent safety driven ramp up in baby formula output comes after a period where momentum has been fairly muted. The share price return is 4.1% year to date, but the three year total shareholder return has declined by 20.1%, pointing to a company still...