- Food
- Friday, 24 Apr 2020
Nestle CEO not getting carried away by strong first-quarter sales growth
Nestle Chief Executive Mark Schneider warned on Friday against reading too much into the company’s first-quarter results, which marked its best quarterly growth for nearly five years as customers stockpiled food to deal with coronavirus shutdowns.
“It is important not to get carried away by the strong organic growth,” Schneider told an analyst call after Nestle posted a 4.3% increase during the three months to the end of March.
The situation remained “highly volatile” he said, with significant ups and downs across categories and regions. Nestle would not be able to forecast the financial impact of the COVID-19 epidemic on its business, Schneider added.
Related Industry Updates
Hydrolyzed Collagen Market is expected to reach US$ 1,322.60 million by 2028
May 09, 2023
Bouillon Cubes Market Driven By Unilever,Nestlé S.A.,Hormel Foods,Kraft Heinz Company,Bou Brands LLC,Ariake Group
Mar 20, 2021
Potato Protein Market Size, Share, Growth, Upcoming Trends, Business Strategies, Industry Analysis by Forecast 2020-2027
Dec 12, 2020
US and Canada Dragon Fruit Market Emerging Players May Yields New Opportunities 2020-2027 | Hoang Hau Dragon Fruit Farm Co, Frieda's, Freshway Produce
Aug 28, 2020
Fruit Beer Market SWOT Analysis by Top Vendors and Forecast Research to 2027
Mar 15, 2021
Infused Fruits Jellies Market Showcases Promising Growth Forecast Key Players- Impact Confections, Jelly Belly Candy Company, Just Born, Mars, Palmer Candy Company, Perfetti Van Melle, The Hershey Company and Others
Dec 09, 2020
Beef Extract Market 2020 Qualitative and Quantitative Assessment by Industry Analysis, Segmentation and Development and Growth by Regions to 2027
Dec 12, 2020
Follow us on
