Nestle in sweet spot as coffee booms at home, restaurants reopen
Corinne Gretler, Bloomberg News
The company birds' nest logo sits carved in stone outside the Nestle SA headquarters in Vevey, Switzerland, on Thursday, Oct. 20, 2016.
, Michele Limina/Bloomberg
Nestle SA sales grew at more than twice the rate analysts expected as the Swiss food giant sold more Nespresso capsules to people working from home and restaurants in Asia stocked up as they started reopening.
The Hot Pockets maker is benefiting from the best of both worlds: people stuck at home buying coffee and convenience meals, and other markets reopening restaurants that need to replenish kitchen supplies.