Nestle SA (OTCPK:NSRGF)
$ 96.45 -0.85 (-0.87%) Market Cap: 246.91 Bil Enterprise Value: 318.32 Bil PE Ratio: 19.86 PB Ratio: 6.49 GF Score: 73/100

Nestle SA at Barclays Global Consumer Staples Conference (Virtual) Transcript

Sep 09, 2020 / 12:00PM GMT
Release Date Price: $119.64 (+1.80%)
Warren Lester Ackerman
Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

Hello, everybody. Welcome to the Barclays Consumer Conference. I'm Warren Ackerman, Head of the European Consumer Staples Research team and a long-time follower of Nestlé. It's my pleasure to welcome François-Xavier Roger, Nestlé's CFO; and Steve Presley, Chairman and CEO of Nestlé U.S. We appreciate your support, and hope to see you in person in Boston in 2021.

So the format today will be a fireside chat for about 30 minutes, maybe a little bit longer if we run over, where I'll be posing the questions.

So with that brief intro, let's get into the session.

Questions & Answers

Warren Lester Ackerman
Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

So first question for François, and it's just really around the numbers. You delivered 2.8% organic growth in the first half. You're guiding to 2% to 3% for the year, clearly a lot of volatility due to COVID. But maybe, François, could you just

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