Corning industries.edited.docx - Running head FINANCIAL...

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Running head: FINANCIAL ANALYSIS 1 Financial analysis-Nestle Student name Institutional affiliation
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FINANCIAL ANALYSIS 2 Introduction Nestle has remained the world’s biggest food group in terms of its vast product range, sales, and geographic coverage. Nestlé’s presence is felt close to every nutrition field: mineral water, infant formula, instant coffee, milk products, culinary products, and many more. In recent years, the Nestle has encountered significant challenges in the form of varying market trends and stiff competition. The central core competency of Nestle is to pose its food beverages against competitors. The essay shall elaborate of the financial position the company is at in the industry. As a strong and reputable company, the shareholders continue to show support to the stakeholders buy providing products and continued profits for the company. The company continues to expand to new segments to ensure maximum profits are made. The company provides over 2000 products ranging from confectionery, pet food, milk products, ice cream, nutrition, powdered and liquid products. By operation, it is considered the world’s largest beverage company. Its revenue stream cuts across 189 countries with over 3000, 000 employees. The company continues to increase its sales with last years sales reaching a record CHF 91.4 billion up from CHF 89.8 billion. The sales increase was supported by the increased momentum I its markets in china and the US. Nestle shares are listed in the Six Swiss exchange, Switzerland. The company operates over 400 factories across the world.
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FINANCIAL ANALYSIS 3 Financial analysis and budget According to the company’s 2019, financial report, corning reported increased second-quarter sales of 9%. Its environmental technologies continue to exceed the company's expectation, with 15% increased sales each year (Corning Report, 2019). Following the company’s success story, its 2019 capital allocation framework was to return $306 million to shareholders in its second-quarter for a total of $12.6 billion. The company introduced a
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