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.
(Reporting by Silke Koltrowitz; Editing by Riham Alkousaa)
Read the original article on Business Insider
Powered by WPeMatico
