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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  Nestlé    NESR   CH0038863350

NESTLÉ

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Nestle USA Exiting Direct-Store-Delivery Network for Pizza and Ice Cream

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05/07/2019 | 01:52pm EDT

By Josh Beckerman

Nestle USA will exit its company-owned frozen direct-store-delivery network for pizza and ice cream, planning to shift to a warehouse model starting in the third quarter.

The company will close eight distribution centers.

The Nestle SA (NESN.EB, NSRGY) unit said "leveraging a simpler route to market unlocks resources we can use to fuel our efforts in demand generation, such as product innovation and brand building."

Nestle noted "unprecedented shifts in consumer behavior," while its retail customers "also are evolving."

The transition is expected to be complete early in the second quarter of 2020.

In February 2017, Kellogg Co. (K) said it would exit its direct-store-delivery network for its U.S. snacks business, reducing complexity and cost structure.

Write to Josh Beckerman at josh.beckerman@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
LONDON SUGAR -0.63% 332 End-of-day quote.-0.60%
NESTLÉ 0.91% 102 Delayed Quote.26.67%
NESTLÉ 1.92% 92.03 Delayed Quote.26.83%
NEW YORK COCOA 0.36% 2538 End-of-day quote.4.92%
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Financials (CHF)
Sales 2019 95 405 M
EBIT 2019 16 378 M
Net income 2019 11 335 M
Debt 2019 33 029 M
Yield 2019 2,59%
P/E ratio 2019 25,83
P/E ratio 2020 23,05
EV / Sales 2019 3,59x
EV / Sales 2020 3,44x
Capitalization 310 B
Chart NESTLÉ
Duration : Period :
Nestlé Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 101  CHF
Spread / Average Target 0,09%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ26.83%312 792
NESTLÉ26.67%312 792
MONDELEZ INTERNATIONAL37.55%74 269
DANONE20.79%56 325
THE KRAFT HEINZ COMPANY-28.09%34 656
GENERAL MILLS34.69%30 323