GENEVA (AP) — Swiss food and drinks giant Nestle SA notched a gain of 2.3 percent in first-quarter sales and confirmed Thursday it was on track for another year of steady growth, despite economic problems in a number of its key markets in the developed world.
The maker of Nescafe, Haagen Dazs and Jenny reported sales of 21.9 billion Swiss francs ($23.48 billion) during the January to March period, up from 20.8 billion francs the same period a year earlier. As a major buyer of food commodities such as wheat, sugar, milk and coffee, Nestle’s results can provide insights into the state of the global economy.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.