Nestlé Sales Rise as Coffee and Snacks Outweigh Recall Hit
Nestlé said organic sales climbed 3.5%, helped by strength in snacks and coffee.
Photographer: Dominic Lipinski/BloombergNestlé SA showed resilient sales growth in the first quarter, helping the Swiss foodmaker contain the fallout from the largest product recall in its history.
The maker of Nespresso capsules and KitKat candy bars said organic revenue climbed 3.5%, led by strength in coffee and snacks. That topped analysts’ estimates and softened the blow from a recall of infant formula brands in more than 60 countries.