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Organic revenue growth was 3.5%. This is better than analysts' expectations (2.8%). Sales of the company as a whole during this period fell by 9.4%, to 61.9 billion francs ($68.2 billion), primarily due to currency fluctuations, as well as the last year’s sale of the American ice cream business and leather care unit.
At the beginning of the year, Nestle, like other companies of this type, benefited from mass purchases before the COVID-19 pandemic lockdown due to a variety of products such as frozen ready-made meals.
The company's vitamin, bioadditive and other health products business is now showing good results as consumers have become more concerned about their health, including the immune system.
The Purina brand, which produces pet food, also showed good sales. Among the regions, the Americas performed particularly well, with organic sales growth of 5.1% during this period.
source: ft.com
At the beginning of the year, Nestle, like other companies of this type, benefited from mass purchases before the COVID-19 pandemic lockdown due to a variety of products such as frozen ready-made meals.
The company's vitamin, bioadditive and other health products business is now showing good results as consumers have become more concerned about their health, including the immune system.
The Purina brand, which produces pet food, also showed good sales. Among the regions, the Americas performed particularly well, with organic sales growth of 5.1% during this period.
source: ft.com