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In interviews to buy Nestlé Bountiful Company
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California officials tell Nestlé to halt authorized water diversions
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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.
Nestlé reports three-month sales for 2021
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Organic growth reached 7.7%, with real internal growth (RIG) of 6.4% and pricing of 1.2%. Growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains.
Foreign exchange reduced sales by 5.3% due to the continued appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 1.0%. As a result, total reported sales increased by 1.3% to
CHF 21.1 billion (3M-2020:
CHF 20.8 billion).
Portfolio management on track. The sale of Nestlé s regional spring water brands, purified water business and beverage delivery service in the
Coffee helps Nestle to strongest quarter in 10 years
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