© Reuters. FILE PHOTO: Logo is pictured on the Nestle research center in Lausanne

ZURICH (Reuters) – Food giant Nestle confirmed organic sales should grow more than 3.6% this year after strong demand for coffee, dairy and pet care products boosted growth in the first quarter.

Organic sales increased by 7.7%, versus 4.3% in the year-ago period, the maker of KitKat chocolate bars and Nescafe instant coffee said in a statement on Thursday. This was ahead of a forecast for 3.3% organic growth in a company-compiled consensus https://www.nestle.com/investors/analysts-consensus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here