Nestle Outshines Rivals With Revenue Growth Led by Coffee
- Nespresso capsule maker sees 2% to 3% sales growth in 2020
- Rivals Coca-Cola, Unilever have reported lower sales recently
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Nestle SA sailed past ailing consumer-goods rivals by reporting higher sales amid strong demand for coffee in home offices and pet food.
First-half revenue climbed 2.8% on an organic basis, the maker of Lean Cuisine meals said Thursday. Analysts expected 2.3%. The company said it expects 2% to 3% growth this year and an improvement in its underlying trading operating margin.