Nestlé in sweet spot as work from home fuels coffee sales
Swiss food giant’s adjusted sales in the first quarter increase at the fastest pace in a decade
22 April 2021 - 20:09
Swiss food giant Nestlé’s sales grew at more than twice the rate analysts expected as it sold more Nespresso capsules to people working from home and restaurants in Asia stocked up as they started reopening.
The Hot Pockets maker is benefiting from the best of both worlds: people stuck at home buying coffee and convenience meals, and other markets reopening restaurants that need to replenish kitchen supplies...
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