- 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
US Dairy Free Creamer Market Key Manufacturers, Development Trends and Competitive Analysis
Aug 06, 2020
EVOH resin Market – Insight On The Analysis By Essential Factors And Trends In Industry By 2027
Nov 20, 2020
Demand for food safety and hygiene compliance in developing economies is constantly rising
Sep 09, 2019
U.S. Retail Sales Weaken Further; Heighten Fears Over Economy
Oct 16, 2019
Europe Juice concentrates Market is Expected to Reach US$ 38,874.28 Million in 2027 : Business Market Insights
Apr 13, 2021
McDonald’s Pricing Strategy Powers Its Latest Value Boost
Feb 16, 2026
Asia Pacific Wet Pet Food Market Global Research and Clinical Survey Report 2020 to 2027 | Mars, Hill's Pet Nutrition, FirstMate Pet Foods, Little BigPaw
Sep 24, 2020
Follow us on
