Nestle Soars To A Record High Following Exclusive Starbucks Deal
- 5 years ago
Nestle reported second-quarter earnings Friday that beat analyst expectations.
Shares rose more than 2.27% to a record high Friday driven by sales of coffee and pet-care products.
The increase came on the heels of Nestle's exclusive deal with Starbucks to sell its branded packaged coffee.
The company confirmed its full-year outlook for 2019, saying it expects a full-year operating profit margin at or more than 17.5%.
According to Business Insider, shares of Nestle are up 28% year-to-date.
Shares rose more than 2.27% to a record high Friday driven by sales of coffee and pet-care products.
The increase came on the heels of Nestle's exclusive deal with Starbucks to sell its branded packaged coffee.
The company confirmed its full-year outlook for 2019, saying it expects a full-year operating profit margin at or more than 17.5%.
According to Business Insider, shares of Nestle are up 28% year-to-date.