Published 18 Feb,2021 via Bloomberg Markets - 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,Chief Executive Officer Mark Schneider told journalists Thursday. Analysts have forecast 3.9% growth.
Schneider is trying to deliver on his promise to reach his target for growth of about 4% after the pandemic forced the company to delay the goal, originally set for 2020.
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Corinne Gretler