Nestlé reported sales for January through September of 61.9 billion Swiss francs ($68 billion), a drop of 9.4% compared to 68.4 billion francs for the same period last year.
“Divestitures decreased sales by 5.5%, largely related to the divestment of Nestlé Skin Health and the U.S. ice cream business. Foreign exchange reduced sales by 7.4%, reflecting the continued appreciation of the Swiss franc versus most currencies,” Nestlé said on Oct 21.
E-commerce sales rose by 47.6% year-on-year to make up 12.3% of total Group sales. This is a drop from the 49% growth for the first six months of the year, when e-commerce contributed 12.4% to the Group’s overall sales.
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