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Bloomberg
Nestle SA, the world’s largest food company, reported its fastest sales growth in five years as stuck-at-home consumers adopted more cats and dogs, boosting demand for pet food.
Revenue growth may cross the threshold of 4% and should at least match last year’s 3.6% pace, on an adjusted basis, CEO Mark Schneider said. Analysts have forecast 3.9% growth.
Nestle’s bottled-water revenue plunged 7%, suffering from lockdowns and social-distancing measures around the world. Nestle plans to focus on faster-growing
premium water brands like Perrier and San Pellegrino.