Nestlé Posts Its Strongest Quarterly Growth In Six Years
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Halloween is a week away, but Nestlé isn't banking on Kit Kat sales to carry the day.
The Swiss food-and-beverage giant recorded its highest quarterly sales growth in six years, even as many of its core products took a hit.
Home-Cooked Yield
Earlier this week, Procter & Gamble and Reckitt Benckiser reported stronger than expected results driven by robust demand for cleaning products such as Tide and Lysol.
Nestlé, the world's largest packaged-food maker, doesn't sell cleaning or disinfecting brands. Nestlé reported third quarter sales growth of 4.9%, beating analyst estimates, but more tepid than the 13% and 9% seen at Reckitt and P&G, respectively.
Source Fool.com
