China Food

Just now, Nestle released its third quarterly report and raised the annual growth guidelines! Like China baby cereal, Purina, coffee, cooking food, ice cream and e-commerce business

Nestle, the world’s largest food company, has just released its performance report for the first three quarters of 2020. According to the financial report, in the first nine months of this year, Nestle group’s sales revenue reached 61.912 billion Swiss francs (about 454.744 billion yuan), achieving an organic growth of 3.5%. “Nestle has maintained resilience in a difficult and volatile environment,” Nestle chief executive mark Schneider said in a briefing today. Our employees acted responsibly and quickly to mitigate the impact of the global pandemic and quickly adapt to changing consumer needs. ” The snack generation noted that nestle also specifically talked about the performance of China’s market and that the strategic review of Yinlu was carried out as expected. Now, let’s have a look.

雀巢首席执行官马克·施奈德(Mark Schneider)(资料图片)

Purina pet food contributed the most

Let’s take a look at Nestle’s overall performance. According to the financial report data, in the first three quarters, Nestle group’s organic growth was 3.5%, of which the actual internal growth was 3.3%, and the pricing contribution rate was 0.2%. By the third quarter of this year, Nestle’s organic growth reached 4.9%. “Strong organic growth is broad-based, supported by continued growth in the Americas, Purina petcare and Nestle Health Sciences, and accelerated growth in the coffee business in the third quarter.” Schneider said in the briefing.

From the perspective of categories, Nestle pointed out that the biggest contributors to the growth were Purina pet food and its high-end brands, Purina one and Felix. Equally strong were vegetarians and vegetarians and Nestle Health Sciences, both of which achieved double-digit growth. Nestle pointed out in the financial report that the growth of vegetarians and vegetarians is supported by the launch of new products and the continuous expansion of distribution, while the growth of Nestle health science reflects the increasing demand of consumers for products supporting health and immune system.

Sweet earth, Nestle’s vegetable meat brand

In addition, dairy products and coffee also achieved good growth.


雀巢财报指,乳制品实现了高个位数增长,由对强化牛奶和家庭烘焙产品的需求增加拉动。而咖啡则录得了中个位数增长,由星巴克产品,浓遇咖啡 (Nespresso)和 雀巢咖啡(Nescafé)的强劲消费需求推动。

“In terms of categories, demand for home consumption, trusted brands and products with health benefits remains strong.” Nestle said in the notice.

In addition, sales of candy and drinking water fell as outdoor consumption was hit by the epidemic. Nestle pointed out that this decline reflects the two categories in outdoor channels and mobile consumption in the high proportion. “Outdoor channels are still negative growth, but the decline in sales slowed down in the third quarter.” Nestle said candy and drinking water also improved in the third quarter. Snack food agents also noted that during the reporting period, Nestle’s e-commerce sales soared by 47.6%, accounting for 12.3% of Nestle group’s total sales. “Coffee, Purina pet food, nutrition and health science were all the main drivers of growth, with all other categories maintaining strong momentum.” According to the circular.

China’s growth has turned positive

Let’s take a look at the performance of the Chinese market and its AOA region. In the first nine months of this year, Nestle achieved an income of 15.251 billion Swiss francs (about 112.019 billion yuan) in the AOA region in the first nine months of this year, with a flat organic growth.


具体至中国市场,雀巢指出:“中国的有机增长录得下降,实际内部增长和定价均为负数”。不过雀巢同时透露,中国市场增长已在第三季度转正。


在前三季度,雀巢在华的多个品类均实现了积极增长。

财报指出,婴儿谷物和普瑞纳宠物食品均录得了双位数增长。咖啡,烹调食品和冰淇淋也录得正增长,季度表现环比改善。雀巢专业餐饮的销售下降,但第三季度增长已恢复至几乎持平。

此外,在雀巢咖啡(Nescafé)、星巴克产品和乳制品的推动下,雀巢中国的电商也继续保持了强劲势头。

Nestle also revealed in the financial report: “Wyeth infant formula sales decline continues to slow. Zhenlang brand, which is produced locally, is being promoted as planned. ” According to xiaoshidai, zhenlang, released in June this year, is a new super high-end brand launched by Wyeth after nearly 10 years. It is regarded by Wyeth as a new chip to help the market sink in China. At that time, Wyeth had revealed that zhenlang was equipped with a new sales team of grounded gas. (zhenlang sales) team members have local brand operation experience, strong execution and flexible decision-making space.

The review of Yinlu was carried out as expected

Following the announcement in the semi annual report that the review completion time of Yinlu business was slightly delayed, Nestle pointed out in the circular today that the strategic review of China’s Yinlu peanut milk and Babao porridge business, as well as some North American drinking water business, was carried out in full accordance with the expected progress, and the two reviews are expected to be completed in early 2021.


小食代介绍过,在此前宣布要战略评估银鹭时,雀巢已确认将保留由银鹭负责的即饮咖啡,并称会继续对中国市场的雀巢即饮咖啡进行大力投资。

施奈德则在此前的二季度业绩会上明确指出,无论战略评估结论如何,都保证不会影响和有损雀巢在中国的即饮业务前景。“雀巢咖啡是我们要(在中国)扩张的主要品牌,并且发展得很成熟了,即饮产品也同样如此。”他说。


在检视旗下业务的同时,雀巢也在不断加码增长潜力理想的品类,尤其是在旗下的健康科学板块。

今天,雀巢就在谈及产品组合管理时列出了健康科学部门在今年完成的多笔并购,包括美国胶原蛋白品牌 Vital Proteins的多数股权、 专营医疗食品和膳食补充剂的IM HealthScience公司、以及食物过敏疗法“新贵”Aimmune Therapeutics。

Nestle Health Sciences acquired
in recent years

“The latest addition of zenprep, vital proteins and aimmune therapeutics is a further step forward in expanding our range of nutritional and health products.” Schneider said in the briefing.


他还称:“我们将继续快速并有纪律地来发展我们的产品组合。例如,通过结合强劲的有机增长和有针对性的收购,我们正将雀巢健康科学打造为一块营养品和健康领域的强大业务。”

(Mark Schneider)

Raise annual growth forecast


小食代留意到,基于不错的增长势头,雀巢今天也宣布更新2020年全年指引,并将全年有机销售增长预期上调至3%。在此前的半年报中,雀巢给出的这一增长预期为 2%至3%。


此外,雀巢今天还表示,预计全年的基本交易营业利润率有望提高,按固定汇率和资本效率计算的基础每股收益也将增加。

For Nestle this three quarters, today, many foreign cable to give a high degree of attention.

Reuters noted that nestle today raised its forecast for organic sales growth in 2020 (the previous target was 2% – 3%), and pointed out that the third quarter’s performance exceeded market expectations. Nestle’s response to the new outbreak has been better than that of its peers, thanks to its extensive product mix, which offsets the decline in food and beverage consumption in restaurants, coffee shops and other occasions, Reuters said.

Today, Mr. Peng believes that Nestle’s performance has benefited from people spending more at home, and they have chosen more famous brands, such as using Starbucks capsules operated by Nestle on espresso coffee machines. In addition, some analysts believe that as more people keep pets during the epidemic, this has led to the growth of pet food.

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