Stronger Growth Boosts Nestle's Prospects
In an investing environment in which many market participants are feeling more jittery about the future, defensive industries like consumer staples become more attractive. Nestle (OTC: NSRGY) is a giant in the food industry, and many turn to the company as a stalwart that can handle whatever economic conditions it has to face. Even so, Nestle has worked hard to try to overcome headwinds in the segment and stave off the negative impacts of tough economic conditions throughout much of the world.
Coming into Friday's first-half financial report, Nestle investors wanted to see that the food company could keep up the encouraging performance that it's seen in recent periods. The numbers that Nestle reported were consistent with continued growth, and the food giant is hopeful that it can keep moving forward with its successful initiatives well into the future.
Nestle is partnering with Starbucks to release products in grocery stores. Image source: Nestle.
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