Nestle vs Unilever: which Ultimate Stock has managed the coronavirus challenge better?
Unilever and Nestle have significant operations in many of the countries where containment measures to limit the spread of Covid-19 have been in place over recent weeks. How has this impacted on their financial performances? And, does it change our bullish long-term views of both stocks?
Covid-19 has had a profound impact on consumer spending habits over the past few months. Restrictions on freedom have caused demand for out-of-home products to decline, while concerns about contracting the virus and lockdown measures have contributed to a spike in sales of cleaning products and at-home food items.
As sellers of these types of goods, and many others, in countries where lockdowns have been in place for many weeks, it is unsurprising that Unilever (LON:…
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