date:Aug 09, 2013
reported a slowdown in sales growth in emerging markets, echoing a pattern seen at other consumer goods companies.
However, formerly best-in-the-class Nestle is struggling more than rivals like Unilever and Danone , which are benefiting from their strength in better-performing cosmetics and baby food markets respectively.
Compared with its direct peers, Nestle's Q2/H1 2013 results look rather soft ... We are inclined to reiterate our relative preference for Danone and Unilever, Helvea analyst