Nestle Says People Are Consuming Less Food and Beverages
- Consumers may be eating less or wasting less, CFO says
- CFO Francois-Xavier Roger says slowdown won’t continue
Nestle SA said the total amount of food and drink sold globally has been falling since the start of the year, highlighting the challenge for the sector.
“People are consuming less, or they’re eating less or they’re wasting less or they’re eating more out of home,” outgoing Chief Financial Officer Francois-Xavier Roger said during a Bernstein conference Thursday. “It’s difficult to know. I don’t think it will last.”
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Nestle Says People Are Consuming Less Food and Beverages