Nestle sales growth exceeded forecasts in the first quarter

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Swiss corporation Nestle, the world's largest food producer, recorded organic sales growth at 3.4% in the first quarter of 2019. Compared to the increase of 2.8% in the first quarter of last year this year, its growth rates accelerated. The indicator exceeded the estimate of experts who had expected a growth of 2.8%. In general, growth was boosted by improved sales in the United States and China due to the high demand in these countries for pet products, dairy products and baby food. A positive factor for sales growth was also a change in the strategy of Nestle, which focused on categories such as baby food and coffee, given the desire of consumers to buy more fresh food. Since the beginning of this year, Nestle shares have grown by more than 19%.

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