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Nestle Sales Surge 11%

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UPDATE: Nestlé Posts Lower H1 Earnings, Announces Share Buyback
Nestlé Q1 Sales Fall 5.1%

Nestle SA (OTC: NSRGY) reported an 11% rise in its total sales for the first nine months of the year.

Nestle's sales for the period surged to 67.57 billion Swiss francs, beating analysts' estimates of CHF67.3 billion. In Europe, sales growth slowed to 1.9% from 2.4%, while sales growth in Americas dropped to 5.5% from 5.7%.

Nestle shares closed at $67.48 yesterday.

Posted-In: SalesNews

 

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