Coffee drinkers drive strongest Nestle quarter in a decade, shares rise by 2%
What a blow out - the strongest quarterly number since 2011, Kepler Cheuvreux analyst Jon Cox said, pointing to a recovery in emerging markets
Reuters | April 23, 2021 | Updated 08:19 IST
Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world s biggest food group outshone Danone and set a high bar for Unilever. The Swiss group has weathered the COVID-19 pandemic well so far, as consumers have bought more packaged foods and tried to brighten up lockdowns with Starbucks at-home coffee or making treats with Carnation evaporated milk.