Nestle confirms guidance as third quarter growth ticks up

FAN Editor

Food group Nestle NESN.S confirmed it wants to grow sales by around 3 percent this year after strong trading in North America and China pushed up underlying sales in the third quarter.

“We are starting to see improved momentum in North America and in our infant nutrition category globally. Our business in China continued to grow at a mid single-digit pace,” the maker of KitKat chocolate bars and Nescafe instant coffee said in a statement on Thursday.

Organic sales, which strip out currency swings and acquisitions, rose 2.9 percent in the third quarter, in line with forecasts in a Reuters poll. They were up 2.8 percent in the first nine months.

Free America Network Articles

Leave a Reply

Next Post

Ericsson third-quarter sales beat expectations, operating income jumps

Mobile telecom equipment maker Ericsson reported stronger-than-expected third quarter sales figures Thursday, boosted primarily by high activity levels in North America. Ericsson‘s shares have soared more than 30 per cent year-to-date, underpinned by progress toward meeting its 2020 financial targets and hopes for a 5G-led industry growth cycle. The Swedish […]