Consumer
Nestle Shares Surge Most Since 2009 as Sales Growth Picks Up
A Nespresso coffee store.
Photographer: Jeremy Suyker/BloombergThis article is for subscribers only.
Nestle SA shares rose the most since 2009 after sales growth at the world’s biggest foodmaker edged up from historically low levels in the final quarter of last year.
Revenue rose 2.7% on an organic basis, the maker of Nespresso coffee and KitKat candy bars said Thursday, above analyst estimates for growth of about 2%. For the full year, sales increased 2.2%.