Nestle seeking to disrupt the dairy-free milk category
Nestlé has entered the dairy-free milk market with the launch of the pea-alternative brand Wunda in a clutch of European countries as the consumer-goods giant seeks to disrupt the category.
Stefan Palzer, Nestlé s chief technology officer, said: This truly versatile, delicious pea-based beverage is an excellent source of protein and fibre. Its great neutral taste, the ability to use it for different applications and the fact that it is carbon neutral make it an ideal plant-based alternative to milk.
Wunda, which comes in three varieties of original, unsweetened and chocolate, will first launch in France, the Netherlands and Portugal.
Nestlé FY20 Underlying Trading Operating Profit Decreases; Organic Growth In Sales At 3.6%
VEVEY (dpa-AFX) - Nestlé (NSRGY.PK, NSTR.L) reported fiscal 2020 profit attributable to shareholders of the parent of 12.23 billion Swiss francs compared to 12.61 billion francs, last year. Earnings per share was 4.29 francs compared to 4.30 francs. Underlying trading operating profit decreased by 8.3% to 14.9 billion Swiss francs. Underlying earnings per share increased by 3.5% in constant currency and decreased by 4.5% on a reported basis to 4.21 francs.
Fiscal 2020 total reported sales decreased by 8.9% to 84.3 billion Swiss francs. Organic growth was 3.6%, for the fiscal year period.
For fiscal 2021, the company expects continued increase in organic sales growth towards a mid single digit rate. The company projects an increase in underlying earnings per share in constant currency.
This week's selection of new products that caught the eye include the first vegan baby-food brand from Nestlé, and plans for a vegan KitKat, and salad dressings from Litehouse. related to Litehouse, Lotus Bakeries, Mars, Nestlé, Upfield, Baby food, Condiments, dressings, sauces & spreads, Confectionery, Dairy-free, Frozen, Organic, Snacks, Sports nutrition, Vegetarian & vegan, NPD & innovation,