Nestle Outlook Improves as Purina Gets Pandemic-Linked Boost
- Revenue gained at fastest pace in at least six years
- Petcare rose 11%, making it Nestle’s best-performing category
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Nestle SA said the outlook for revenue growth this year has improved as its big brands thrive, with Purina pet food benefiting amid an increase in pet ownership during the pandemic.
The world’s largest food and beverage company forecast organic sales growth of about 3% this year. That’s after a 4.9% increase in the third quarter, the quickest pace in at least six years. Petcare sales surged 11%, leading gains.