Nestle Sales Beat Analysts' Estimates on Uptick in Pricing
- Food company raises pricing 1% amid weak consumer market
- Nespresso’s U.S. sales, Nescafe price increases add to growth
Kepler Cheuvreux's Cox Thinks 2H Will Be Good for Nestle
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Nestle SA, the world’s biggest food company, reported first-quarter revenue growth ahead of analysts’ estimates and an uptick in pricing, a signal of possible improvement in a sluggish food and beverage market.
Sales rose 2.3 percent on an organic basis, the Vevey, Switzerland-based maker of KitKat chocolate said Thursday. Analysts expected 2 percent. Nestle’s pricing rose 1 percent compared with 0.9 percent in the fourth quarter. The stock rose as much as 1.1 percent in Zurich.