{"slug":"nestle","name":"Nestlé","name_en":"Nestlé S.A.","ticker":"NESN.SW","updated_at":"2026-07-12T08:29:04.609821+00:00","canonical":"https://valuechain.wiki/nestle","same_as":["https://finance.yahoo.com/quote/NESN.SW"],"citable":"밸류체인 그래프 기준 Nestlé의 직접 연결 기업은 3곳(관계 기준 공급 1·매출 2)이고, 사슬을 2차까지 넓히면 4곳에 닿는다. 링크의 근거 출처는 9건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Nestlé S.A. is directly linked to 3 companies (1 supply, 2 revenue relationships) and reaches 4 companies within two hops; the links are backed by 9 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"스위스(SIX) · 식품·음료 · 세계 1위 방어주","kicker_en":"Switzerland (SIX) · Food & beverage · World's #1 staple","lead":"네슬레는 세계 최대 식품·음료 회사로, 커피(네스카페·네스프레소·스타벅스 라이선스), 펫케어(퓨리나), 유제품, 제과, 생수, 영양식을 전 세계에 판다. 2025년 매출은 895억 스위스프랑으로 유기적 성장 3.5%(가격 +2.8%·물량 RIG +0.8%)였으며, 커피·코코아 원가 인상을 가격 전가로 대응했다. 스위스프랑 기준 65년째 배당을 유지·인상해온 방어적 배당주로, AI 노출은 사실상 없이 소비·원자재(커피·코코아)·환율(CHF) 시계로만 움직인다.","lead_en":"Nestlé is the world's largest food and beverage company, selling coffee (Nescafe, Nespresso, licensed Starbucks), pet care (Purina), dairy, confectionery, water and nutrition worldwide. Its 2024 sales were CHF 91.4 billion with organic growth of 2.2%. A defensive dividend stock that has maintained or raised its dividend in Swiss francs for 65 years, it has essentially no AI exposure and moves only on the clock of consumer demand, commodities (coffee, cocoa) and foreign exchange (CHF).","segments":{"fy":2025,"parts":[{"desc":"네스카페·네스프레소(매출 CHF 6.5B, +6.0%)·스타벅스 라이선스. 커피는 고한자릿수 가격 성장, 네스카페 소루블이 최대 기여.","name":"커피·음료 (Powdered & Liquid Beverages)"},{"desc":"퓨리나 프로플랜·원·프리스키스. 중간 한자릿수 성장(RIG 주도)으로 핵심 성장 엔진.","name":"펫케어 (Purina PetCare)"},{"desc":"킷캣 등 제과, 유제품, 조리식품. 유제품·조리식품은 2024년 부진","name":"제과·유제품·조리식품"},{"desc":"생수, 영양식, 네슬레 헬스사이언스","name":"생수·영양·헬스사이언스"}],"total":"2025년 매출 895억 스위스프랑(유기적 +3.5%, 가격 +2.8%·RIG +0.8%). UTOP 마진 16.1%. 커피·코코아 원가로 총이익률 110bp 하락한 45.6%","source":"https://www.nestle.com/sites/default/files/2025-02/annual-review-2024-en.pdf","concentration":"브랜드 파워 기반의 방어적 배당주로 AI 노출은 사실상 없다. 스위스프랑 기준 65년 연속 배당 유지·인상(2025년 제안 주당 CHF 3.05). 매출은 소비·가격, 원자재(커피·코코아), 환율(CHF) 사이클로 움직인다."},"segments_en":{"fy":2025,"parts":[{"desc":"Nescafé, Nespresso (sales CHF 6.5B, +6.0%) and the Starbucks license. Coffee grew high-single-digit on pricing, led by Nescafé soluble.","name":"Powdered & Liquid Beverages"},{"desc":"Purina Pro Plan, ONE and Friskies. Mid-single-digit, RIG-led growth as the core growth engine.","name":"Purina PetCare"},{"desc":"KitKat and other confectionery, dairy and culinary; dairy and culinary were weak in 2024","name":"Confectionery, dairy and culinary"},{"desc":"Bottled water, infant/medical nutrition and Nestlé Health Science","name":"Water, nutrition and Health Science"}],"total":"2025 net sales CHF 89.5B (organic +3.5%, pricing +2.8%, RIG +0.8%). UTOP margin 16.1%; gross margin -110bps to 45.6% on coffee/cocoa costs","source":"https://www.nestle.com/sites/default/files/2025-02/annual-review-2024-en.pdf","concentration":"A brand-driven defensive dividend stock with essentially no AI exposure. It has maintained or raised its dividend in Swiss francs for 65 consecutive years (2025 proposal CHF 3.05 per share). Revenue moves on consumer and pricing, commodities (coffee, cocoa) and FX (CHF) cycles."},"returns_yearly":{"2021":22.1,"2022":-4.2,"2023":-9.3,"2024":-18.8,"2025":-1.8,"2026":17.9},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":1,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"emart","name":"이마트","name_en":"E-mart Inc.","tier":1,"returns_yearly":{"2021":-18.4,"2022":-19.5,"2023":-25.3,"2024":-14.6,"2025":44.7,"2026":-7.8}}],"benefiting":[{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":1,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":2,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}},{"slug":"western-digital","name":"Western Digital","name_en":"Western Digital","tier":3,"returns_yearly":{"2021":17.7,"2022":-51.6,"2023":66,"2024":13.9,"2025":283.7,"2026":238.4}},{"slug":"seagate","name":"Seagate","name_en":"Seagate Technology","tier":3,"returns_yearly":{"2021":87.5,"2022":-51.4,"2023":69.1,"2024":4.1,"2025":225.3,"2026":231.4}},{"slug":"intel","name":"Intel","name_en":"Intel","tier":3,"returns_yearly":{"2021":6.1,"2022":-46.6,"2023":94.6,"2024":-59.6,"2025":84,"2026":197.7}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":177.8}},{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"astera-labs","name":"Astera Labs","name_en":"Astera Labs","tier":3,"returns_yearly":{"2025":25.6,"2026":148.2}},{"slug":"ciena","name":"Ciena","name_en":"Ciena","tier":3,"returns_yearly":{"2021":45.6,"2022":-33.8,"2023":-11.7,"2024":88.4,"2025":175.8,"2026":97}},{"slug":"vertiv","name":"Vertiv","name_en":"Vertiv","tier":3,"returns_yearly":{"2021":33.8,"2022":-45.3,"2023":251.8,"2024":136.8,"2025":42.8,"2026":96.9}},{"slug":"credo","name":"크레도","name_en":"Credo Technology","tier":3,"returns_yearly":{"2023":46.3,"2024":245.2,"2025":114.1,"2026":79.2}},{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":3,"returns_yearly":{"2025":99,"2026":67.3}},{"slug":"caterpillar","name":"Caterpillar","name_en":"Caterpillar","tier":3,"returns_yearly":{"2021":16,"2022":18.6,"2023":25.9,"2024":24.7,"2025":60.3,"2026":67}},{"slug":"sumitomo-electric","name":"Sumitomo Electric","name_en":"Sumitomo Electric","tier":3,"returns_yearly":{"2021":11.4,"2022":6.3,"2023":30.8,"2024":52.9,"2025":139,"2026":55.3}},{"slug":"wiwynn","name":"Wiwynn","name_en":"Wiwynn","tier":3,"returns_yearly":{"2021":24.7,"2022":-22.3,"2023":206.4,"2024":3.5,"2025":64.4,"2026":45.1}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":3,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}},{"slug":"arista","name":"Arista Networks","name_en":"Arista Networks","tier":3,"returns_yearly":{"2021":97.9,"2022":-15.6,"2023":94.1,"2024":87.7,"2025":18.5,"2026":42.7}},{"slug":"equinix","name":"Equinix","name_en":"Equinix","tier":3,"returns_yearly":{"2021":20.3,"2022":-21.1,"2023":25.4,"2024":19.5,"2025":-16.9,"2026":38.6}},{"slug":"quanta","name":"Quanta","name_en":"Quanta Computer","tier":3,"returns_yearly":{"2021":22.2,"2022":-12.8,"2023":254.5,"2024":12.7,"2025":8.9,"2026":33.4}},{"slug":"cummins","name":"Cummins","name_en":"Cummins","tier":3,"returns_yearly":{"2021":-1.7,"2022":14.1,"2023":1.7,"2024":48.9,"2025":49.4,"2026":33.3}},{"slug":"eaton","name":"Eaton","name_en":"Eaton","tier":3,"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":28.6}},{"slug":"abb","name":"ABB","name_en":"ABB","tier":3,"returns_yearly":{"2021":23.9,"2022":7.3,"2023":18.9,"2024":39,"2025":36.1,"2026":27.2}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":3,"returns_yearly":{"2026":24.1}},{"slug":"digital-realty","name":"Digital Realty","name_en":"Digital Realty","tier":3,"returns_yearly":{"2021":30.7,"2022":-41,"2023":39.9,"2024":35.9,"2025":-10.1,"2026":18.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"schneider-electric","name":"Schneider Electric","name_en":"Schneider Electric","tier":3,"returns_yearly":{"2021":25.9,"2022":1.6,"2023":25.8,"2024":36.1,"2025":0.5,"2026":13}},{"slug":"foxconn","name":"Foxconn","name_en":"Foxconn (Hon Hai)","tier":3,"returns_yearly":{"2021":-5.1,"2022":2.8,"2023":7.8,"2024":80.1,"2025":26.9,"2026":10.9}},{"slug":"iren","name":"IREN","name_en":"IREN","tier":3,"returns_yearly":{"2022":-92.3,"2023":472,"2024":37.3,"2025":284.6,"2026":8.9}},{"slug":"blackrock","name":"BlackRock","name_en":"BlackRock","tier":3,"returns_yearly":{"2021":29.4,"2022":-20.4,"2023":17.9,"2024":29.3,"2025":6.6,"2026":-2.1}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":-3.3}},{"slug":"ionq","name":"IonQ","name_en":"IonQ","tier":3,"returns_yearly":{"2022":-79.3,"2023":259.1,"2024":237.1,"2025":7.4,"2026":-4.5}},{"slug":"brookfield","name":"Brookfield","name_en":"Brookfield Asset Management Ltd.","tier":3,"returns_yearly":{"2023":45.6,"2024":39.7,"2025":-0.2,"2026":-9}},{"slug":"constellation-energy","name":"Constellation Energy","name_en":"Constellation Energy","tier":3,"returns_yearly":{"2023":37.2,"2024":92.7,"2025":58.8,"2026":-28.6}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":3,"returns_yearly":null}],"analysis":"네슬레의 논점은 'AI 사이클과 무관하게 소비·원자재·환율 세 시계로만 도는 방어적 배당주'라는 데 있다. 커피(네스카페·네스프레소)·펫케어(퓨리나)가 성장을 끌고, 스위스프랑 기준 65년째 배당을 지킨 안정성이 방어주 지위의 근거다. 2025년 유기적 성장 +3.5%로 회복됐으나(가격 +2.8%·RIG +0.8%), 커피·코코아 원가 인상이 이어져 총이익률을 110bp 눌러 45.6%로 떨어뜨렸다 — 브랜드 가격결정력으로 원가를 판가에 전가할 수 있느냐가 핵심 방어선이다. 리스크는 코코아·커피 원자재 급등과 소비 둔화, CHF 강세. 그래프 파급: 월마트·이마트 등 유통이 수요 채널, 커피·코코아 원자재가 원가 상류, 스타벅스 라이선스가 커피 성장 축.","analysis_en":"Nestle's thesis is a defensive dividend staple running only on three clocks — consumption, commodities and FX — apart from the AI cycle. Coffee (Nescafe, Nespresso) and pet care (Purina) drive growth, and 65 years of maintained dividends in Swiss francs underpin its defensive status. 2025 organic growth recovered to 3.5% (pricing +2.8%, RIG +0.8%), yet persistent coffee and cocoa cost inflation cut the gross margin 110bps to 45.6%. Risks are cocoa/coffee commodity spikes, consumption softness and a strong CHF. Graph propagation: retailers like Walmart and E-mart are demand channels, coffee/cocoa commodities are upstream cost, and the Starbucks license is a coffee growth axis.","analysis_asof":"2026-02-19"},"edges":[{"direction":"revenue","counterparty":"소비자·유통 (펫케어: 퓨리나)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"CHF","as_of":"2024-12-31","basis":"펫케어 매출(십억 스위스프랑)","value":18.9,"period":"FY2024","basis_en":"PetCare sales (CHF B)"},"note":"퓨리나 펫케어는 네슬레의 핵심 성장 엔진으로, 프로플랜·원·프리스키스 등 프리미엄 브랜드로 2024년 약 CHF 18.9B 매출을 냈다.","note_en":"Purina PetCare is a core growth engine, generating about CHF 18.9B of 2024 sales with premium brands like Pro Plan, ONE and Friskies.","sources":[{"stance":"confirms","publisher":"네슬레","publisher_en":"Nestlé","kind":"filing","lang":"en","published_at":"2025-02-13","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2024","title":"네슬레 2024년 연간 실적","title_en":"Nestlé full-year results 2024","excerpt":"펫케어는 과학 기반 프리미엄 브랜드 퓨리나 프로플랜·원·프리스키스를 앞세워 2024년 저성장을 이어갔다.","excerpt_en":"PetCare delivered low single-digit growth in 2024, driven by science-based premium Purina brands Pro Plan, ONE and Friskies."}]},{"direction":"cost","counterparty":"Starbucks","counterparty_slug":"starbucks","confidence":"high","metric":{"type":"amount","unit":"USD10억","as_of":"2018-05-07","basis":"스타벅스 CPG 판권 인수(영구 라이선스)","value":7.15,"period":"2018 선급","basis_en":"Starbucks CPG rights acquisition (perpetual license)"},"note":"네슬레는 2018년 글로벌 커피 동맹으로 스타벅스 포장 커피·차(CPG)를 매장 밖 소매·푸드서비스에서 판매할 영구 라이선스를 $71.5억 선급으로 확보했고, 이후 스타벅스에 로열티를 지급한다. 스타벅스는 라이선서이자 로스트&그라운드 공급사다(라이선스 대상 매출 연 약 $20억).","note_en":"Under the 2018 Global Coffee Alliance, Nestle paid $7.15bn upfront for perpetual rights to market and sell Starbucks packaged coffee and tea (CPG) in retail and foodservice outside Starbucks stores, and pays Starbucks ongoing royalties; Starbucks is licensor and roast-and-ground supplier (the licensed business was about $2bn in annual sales).","sources":[{"stance":"confirms","publisher":"스타벅스","publisher_en":"Starbucks","kind":"ir","lang":"en","published_at":"2018-05-07","url":"https://investor.starbucks.com/news/financial-releases/news-details/2018/Starbucks-and-Nestl-Form-Global-Coffee-Alliance-to-Elevate-and-Expand-Consumer-Packaged-Goods-and-Foodservice-Categories-Around-the-World/default.aspx","title":"Starbucks and Nestle Form Global Coffee Alliance","title_en":"Starbucks and Nestle Form Global Coffee Alliance","excerpt":"네슬레가 스타벅스에 $71.5억을 지급하고 스타벅스 포장 커피·차 제품을 매장 밖 전 세계 가정·비가정 채널에서 마케팅·판매·유통할 영구 라이선스를 확보했다.","excerpt_en":"Nestle paid Starbucks $7.15 billion in closing consideration for a perpetual license to market, sell and distribute Starbucks packaged coffee and tea in global at-home and away-from-home channels outside Starbucks stores."},{"stance":"confirms","publisher":"CNBC","publisher_en":"CNBC","kind":"news","lang":"en","published_at":"2018-05-07","url":"https://www.cnbc.com/2018/05/07/nestle-to-pay-7-point-15-billion-to-starbucks-in-coffee-tie-up.html","title":"Nestle to pay $7.15 billion to Starbucks to jump-start coffee business","title_en":"Nestle to pay $7.15 billion to Starbucks to jump-start coffee business","excerpt":"네슬레가 스타벅스 소비재 사업의 판권을 $71.5억에 인수했고, 스타벅스는 라이선서이자 원두 공급사로 남는다.","excerpt_en":"Nestle is paying $7.15 billion for the rights to Starbucks' consumer business, with Starbucks remaining licensor and supplier of the coffee."}]},{"direction":"revenue","counterparty":"소비자·유통 (커피: 네스카페·네스프레소·스타벅스)","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"CHF","as_of":"2025-12-31","basis":"네스프레소 매출(십억 스위스프랑)","value":6.481,"period":"FY2025","basis_en":"Nespresso sales (CHF B)"},"note":"커피는 네슬레의 최대 성장 기여 카테고리로, 네스카페·네스프레소(매출 CHF 6.5B(+6.0%))와 스타벅스 라이선스를 소매·유통을 통해 소비자에게 판다.","note_en":"Coffee is Nestlé's largest growth contributor, selling Nescafe, Nespresso (CHF 6.4B) and licensed Starbucks to consumers through retail and distribution.","sources":[{"stance":"confirms","publisher":"Nestlé S.A.","publisher_en":"Nestlé S.A.","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2025","title":"네슬레 FY2025 연차 실적·전략 업데이트(2026-02-19)","title_en":"Nestlé Full-year results 2025 and strategic update","excerpt":"FY2025: Nespresso organic +6.0% (sales CHF 6,481m); coffee high-single-digit pricing growth led by Nescafé soluble.","excerpt_en":"FY2025: Nespresso organic +6.0% (sales CHF 6,481m); coffee high-single-digit pricing growth led by Nescafé soluble."},{"stance":"mentions","publisher":"증권가 컨센서스","publisher_en":"Analyst consensus (via MarketScreener)","kind":"research","lang":"en","published_at":"2026-02-19","url":"https://www.marketscreener.com/quote/stock/NESTLE-S-A-9365334/consensus/","title":"네슬레 증권가 컨센서스 — 가격 전가력·마진 회복 논점","title_en":"Nestlé analyst consensus: pricing power vs cocoa/coffee cost, margin recovery","excerpt":"증권가: 가격 전가력 확인(유기 +3.5%)·2026 마진 회복 기대.","excerpt_en":"Analysts: pricing power confirmed (organic +3.5%); margin recovery expected in 2026."},{"stance":"confirms","publisher":"네슬레","publisher_en":"Nestlé","kind":"filing","lang":"en","published_at":"2025-02-13","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2024","title":"네슬레 2024년 연간 실적","title_en":"Nestlé full-year results 2024","excerpt":"네슬레의 2024년 매출은 914억 스위스프랑(유기적 +2.2%)이며, 커피가 네스카페·네스프레소·스타벅스를 앞세워 최대 성장 기여 카테고리였다.","excerpt_en":"Nestlé's 2024 sales were CHF 91.4B (organic +2.2%), with coffee the largest growth contributor led by Nescafe, Nespresso and Starbucks."},{"stance":"confirms","publisher":"코무니카페","publisher_en":"Comunicaffe","kind":"news","lang":"en","published_at":"2025-02-13","url":"https://www.comunicaffe.com/nestle-reports-fy-2024-sales-of-chf91-4-billion-1-8-nespresso-sales-of-chf-6-4-billion-0-1-coffee-was-the-largest-growth-contributor/","title":"네슬레 2024년 매출 CHF914억, 네스프레소 CHF64억, 커피가 최대 성장 기여","title_en":"Nestlé reports FY2024 sales of CHF91.4B, Nespresso CHF6.4B, coffee the largest growth contributor","excerpt":"네스프레소 매출은 CHF 6.4B(+0.1%)였고, 커피가 네슬레 전체의 최대 성장 기여 카테고리였다.","excerpt_en":"Nespresso sales were CHF 6.4B (+0.1%) and coffee was Nestlé's largest growth contributor."}]},{"direction":"cost","counterparty":"커피·코코아 원두 원자재","counterparty_slug":null,"confidence":"high","metric":{"type":"coffee_cocoa_input","qualifier":"confirmed_no_disclosed_value"},"note":"네슬레 원가의 핵심 부담은 커피와 코코아다. 2024~2025년 코코아·커피 원가 인플레이션이 이어져 2025년 총이익률이 110bp 하락한 45.6%로 눌렸고, 네슬레는 가격 인상 +2.8%(커피·제과 고한자릿수)로 부분 상쇄했다. 커피는 가격탄력성이 제한적이어서 RIG가 소폭 플러스를 유지했다 — 브랜드 가격전가력이 원가 급등의 완충판임을 보여준다.","note_en":"Coffee and cocoa are Nestlé's key cost pressure. Cocoa and coffee cost inflation persisted through 2024-2025, pushing the 2025 gross margin down 110bps to 45.6%, which Nestlé partly offset with +2.8% pricing (high-single-digit in coffee and confectionery). Coffee elasticity stayed limited, keeping RIG slightly positive — evidence that brand pricing power is the buffer against cost spikes.","sources":[{"stance":"confirms","publisher":"Nestlé S.A.","publisher_en":"Nestlé S.A.","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2025","title":"네슬레 FY2025 연차 실적·전략 업데이트(2026-02-19)","title_en":"Nestlé Full-year results 2025 and strategic update","excerpt":"Gross margin -110bps to 45.6% on coffee/cocoa costs, only partially compensated by pricing and cost savings; pricing +2.8%.","excerpt_en":"Gross margin -110bps to 45.6% on coffee/cocoa costs, only partially compensated by pricing and cost savings; pricing +2.8%."},{"stance":"confirms","publisher":"네슬레","publisher_en":"Nestlé","kind":"filing","lang":"en","published_at":"2025-02-13","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2024","title":"네슬레 2024년 연간 실적","title_en":"Nestlé full-year results 2024","excerpt":"네슬레는 커피와 코코아를 중심으로 한 높은 원자재 인플레이션 환경에서 가격 경쟁력을 우선하며, 이 원가 부담이 하반기 매출총이익률을 90bp 눌렀다고 밝혔다.","excerpt_en":"Nestlé said price competitiveness is a priority amid high commodity inflation, most notably in coffee and cocoa, which pushed its second-half gross margin down 90 basis points."},{"stance":"confirms","publisher":"식품음료신문","publisher_en":"Food & Beverage News","kind":"news","lang":"ko","published_at":"2024-06-21","url":"https://www.thinkfood.co.kr/news/articleView.html?idxno=100610","title":"비상 걸린 초콜릿 업계, 사용량 줄이고 대체 소재 눈 돌려","title_en":"Chocolate industry on alert as cocoa surges, cuts usage and turns to substitutes","excerpt":"코코아 선물이 톤당 1만2200달러를 넘어서는 등 급등하자 네슬레는 초콜릿 함량을 3분의 1로 줄인 신제품을 내놓는 등 원가 상승에 대응했다. 코트디부아르·가나 인도량은 각각 20%·35% 감소했다.","excerpt_en":"As cocoa futures spiked past $12,200 a tonne, Nestlé responded to cost inflation by launching products with a third of the usual chocolate content; deliveries from Cote d'Ivoire and Ghana fell 20% and 35%."}]},{"direction":"revenue","counterparty":"소비자·유통 (제과·유제품·생수·영양)","counterparty_slug":null,"confidence":"mid","metric":{"fy":2025,"revenue_chf_bn":89.5,"utop_margin_pct":16.1,"organic_growth_pct":3.5},"note":"제과(킷캣), 유제품, 생수, 영양·헬스사이언스도 소매·유통을 통해 소비자에게 판다. 2024년 제과는 견조했으나 유제품·조리식품은 부진했다.","note_en":"Confectionery (KitKat), dairy, water and nutrition/Health Science are also sold to consumers via retail; in 2024 confectionery was solid while dairy and culinary were weak.","sources":[{"stance":"confirms","publisher":"네슬레","publisher_en":"Nestlé","kind":"filing","lang":"en","published_at":"2025-02-13","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2024","title":"네슬레 2024년 연간 실적","title_en":"Nestlé full-year results 2024","excerpt":"2024년 제과는 킷캣 등을 앞세워 중간 한 자릿수 성장했고, 유제품·조리식품은 마이너스 성장을 기록했다.","excerpt_en":"In 2024 confectionery grew mid single digits led by KitKat, while dairy and culinary posted negative growth."}]},{"direction":"cost","counterparty":"유가공(원유)·포장재","counterparty_slug":null,"confidence":"mid","metric":{"type":"dairy_packaging_input","qualifier":"confirmed_no_disclosed_value"},"note":"유제품용 원유와 병·포장재도 주요 원가다. 네슬레는 레시피 재조정과 물류 효율화로 2024년 12억 스위스프랑 이상의 원가 절감을 냈다.","note_en":"Milk for dairy plus bottles and packaging are also major costs; Nestlé delivered over CHF 1.2 billion of efficiencies in 2024 through recipe reformulation and logistics redesign.","sources":[{"stance":"confirms","publisher":"네슬레","publisher_en":"Nestlé","kind":"filing","lang":"en","published_at":"2025-02-13","url":"https://www.nestle.com/media/pressreleases/allpressreleases/full-year-results-2024","title":"네슬레 2024년 연간 실적","title_en":"Nestlé full-year results 2024","excerpt":"네슬레는 2024년 레시피 재조정과 공장·물류 효율화로 12억 스위스프랑 이상의 원가 효율을 달성해 원자재·포장 원가 부담을 일부 상쇄했다.","excerpt_en":"Nestlé delivered over CHF 1.2 billion of efficiencies in 2024 through recipe reformulation and plant and logistics redesign, partly offsetting raw-material and packaging costs."}]},{"direction":"revenue","counterparty":"Walmart Inc","counterparty_slug":"walmart","confidence":"mid","metric":{"customer":"Walmart","qualifier":"retail_channel"},"note":"월마트는 네슬레의 최대 소매 유통 고객으로, 오랜 글로벌 어카운트 관계다. 네슬레는 식품·음료·펫푸드를 월마트 등 대형 유통을 통해 소비자에게 판매한다. 현행 정확한 매출 비중은 비공개.","note_en":"Walmart is Nestle's largest retail distribution customer, a long-standing global account. Nestle sells food, beverage and petfood to consumers through Walmart and other large retailers. The precise current revenue share is not disclosed.","sources":[{"stance":"mentions","publisher":"네슬레","publisher_en":"Nestle","kind":"ir","lang":"en","published_at":"2005-06-01","url":"https://www.nestle.com/sites/default/files/asset-library/documents/library/presentations/investors_events/investors_seminar_2005/walmart_jun2005_flaherty_transcript.pdf","title":"Nestle Global Account Management: Wal-Mart","title_en":"Nestle Global Account Management: Wal-Mart","excerpt":"네슬레는 월마트를 최대 글로벌 어카운트로 관리하며, 월마트가 네슬레의 대형(수십억 달러) 고객으로 성장했음을 공식 프레젠테이션에서 밝혔다.","excerpt_en":"Nestle manages Walmart as its largest global account, and in an official presentation described Walmart growing into a multi-billion-dollar Nestle customer."}]},{"direction":"revenue","counterparty":"이마트","counterparty_slug":"emart","confidence":"low","metric":{"customer":"Emart","qualifier":"retail_channel"},"note":"이마트는 네슬레 제품을 매입해 판매한다. 네슬레에게 이마트는 한국 소매 매출처다.","note_en":"E-mart buys and sells Nestlé products. For Nestlé, E-mart is a Korean retail revenue source.","sources":[{"stance":"confirms","publisher":"이마트몰(SSG)","publisher_en":"E-Mart Mall (SSG)","kind":"ir","lang":"ko","published_at":"2026-07-05","url":"https://emart.ssg.com/search.ssg?query=%EB%84%A4%EC%8A%AC%EB%A0%88","title":"이마트몰 네슬레 검색","title_en":"E-Mart Mall Nestlé search","excerpt":"이마트몰 네슬레 브랜드관에서 커피(네스카페·네스프레소)와 과자 등 다수 제품을 판매한다.","excerpt_en":"E-Mart Mall's Nestlé brand section sells coffee (Nescafé, Nespresso) and confectionery among many products."}]}]}