Nestle confirms guidance after first-quarter growth beats poll

FILE PHOTO: A logo is pictured during the 152nd Annual General Meeting of Nestle in Lausanne, Switzerland April 11, 2019. REUTERS/Denis Balibouse - Copyright DENIS BALIBOUSE(Reuters)

By Reuters

Published on 18/04/2019 - 07:34•Updated 19/04/2024 - 11:20

Comments

ZURICH (Reuters) - Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first three months.

Organic sales growth accelerated to 3.4 percent in the first quarter of 2019, ahead of the average estimate of 2.8 percent in an Infront Data poll of analysts.