Nestlé, Carvana, DoorDash, Rio Tinto and Airbus

Swiss food and drink company Nestlé (NESN.SW) said in its results on Thursday that it planned to sharpen its focus on its four key businesses and was looking to sell off its remaining ice cream business.

In its full-year results, Nestlé (NESN.SW) said it planned to focus on its coffee, petcare, nutrition and food and snacks businesses as part of efforts to accelerate growth. In addition, the company said it was in advanced negotiations for the sale of its remaining ice cream business to Froneri.

Nestlé (NESN.SW) said that in 2025 it had delivered organic growth of 3.5%, up from 2.2% in 2024. At the same time, sales for the year still came in 2% lower than the previous year, at 89.49 billion Swiss francs (£85.72bn). Net profit for 2025 fell 17% to 9.03 billion Swiss francs and underlying earnings per share (EPS) declined 7.3% at 4.42 Swiss francs.

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However, Nestlé (NESN.SW) proposed a dividend for the year of 3.10 Swiss francs, which is 1.6% higher than the previous year.

The company, whose brands include Nescafé and Smarties, said it estimated organic growth to be in the range of 3% to 4%. It also forecast an improvement in its underlying trading operating profit margin, expecting it to strengthen in the second half of the year.

Nestlé (NESN.SW) shares were up 3.3% at the time of writing on Thursday morning, though the stock is down 1.6% over one year.

In the US, shares in online car buying platform Carvana (CVNA) had slid nearly 17% in pre-market trading on Thursday, after profits missed estimates.

Carvana (CVNA) reported revenue of $5.6bn (£4.14bn) for the fourth quarter, which topped expectations of $5.27bn. The company also said it sold 163,522 retail units during the quarter, which was more than the 157,226 expected.

However, earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $511m for the final quarter of the year, which was lower than estimates of $535.7m.

In terms of guidance, Carvana (CVNA) said it expected to see “significant growth in both retail units sold and adjusted EBITDA in full year 2026, including a sequential increase in both retail units sold and adjusted EBITDA in Q1 2026, assuming the environment remains stable.”

Shares in food delivery app DoorDash (DASH) surged more than 13% in pre-market trading on Thursday, recovering from falls after the company reported disappointing fourth quarter results on Wednesday.

The stock initially dropped in extended trading on Wednesday, after DoorDash posted revenue of $3.96bn for the fourth quarter, which fell short of estimates of $4bn, Adjusted EPS came in at $0.48, which was also lower than estimates of $0.55.

However, in a letter to shareholders, DoorDash (DASH) CEO Tony Xu shared some key developments, as part of efforts to build on user experience.

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That included building an autonomous delivery platform, which Xu said will “match vehicles to routes and manage the handoffs between AVs [autonomous vehicles] and Dashers, and everything in between”.

Xu also said that the company was working on bringing its DoorDash, Deliveroo and Wolt onto one technology platform.

“This is a massive and expensive undertaking and honestly one you shouldn’t do if you thought your best days were behind you,” he said.

On the UK’s FTSE 100 (^FTSE), miner Rio Tinto (RIO.L) fell 3.4% on Thursday morning, on the back of its latest results.

For the year ended 31 December, Rio Tinto (RIO.L) reported consolidated sales revenue of $57.64bn, which was up 7% on the previous year. However, underlying earnings of $10.87bn were basically flat compared to 2024.

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Adam Vettese, market analyst for eToro, said: “Rio Tinto’s full year numbers are solid operationally but short on earnings fireworks.”

“Investment wise, shares have had an incredible run, and we are seeing some profit taking this morning following this update,” he said. “That said, Rio Tinto is still a high-quality dividend play with copper-led growth potential, trading on a reasonable multiple, although a China stumble could cap gains. Patient holders will like the yield; traders may wait for a dip.”

On the Paris bourse, shares in planemaker Airbus (AIR.PA) fell nearly 6% on Thursday morning, after the company’s guidance fell short of expectations.

Airbus (AIR.PA) posted 6% growth in revenue for the year at €73.42bn (£64.15bn) and adjusted EBIT was up 33% at €7.13bn.

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“However, the market’s focus this morning is firmly on the guidance for next year, which came in weaker than expected,” said Matt Dorset, equity research analyst at Quilter Cheviot. “Airbus is targeting 870 aircraft deliveries, up by 10% year on year, earnings before interest and taxes of £7.5 billion which is up 5%, and free cash flow slightly below the 2025 level.”

“This guidance is below consensus across the board and will inevitably trigger downgrades,” he said. “In addition, Airbus now expects to reach a production rate of 70-75 A320 aircraft by the end of 2027, compared to 75 previously.”

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