Nestle Sees Profitability Improving After Sales Beat Estimates

Nestle SA, the world’s largest food company, reported first-quarter sales growth that beat estimates and said profitability will improve in the second half as it raises bottled-water prices and sells more premium pet food.

So-called organic revenue gained 6.4 percent, the Vevey, Switzerland-based company said on its website today. Analysts expected a 5.9 percent gain in the measure, which excludes acquisitions, divestments and currency shifts, according to the average of 17 estimates compiled by Bloomberg.