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Nestlé Q1 Sales Fall 5.1%

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Nestlé SA (OTC: NSRGY) posted a 5.1% fall in its first-quarter sales.

Nestlé's quarterly sales dropped to 20.82 billion Swiss francs ($23.64 billion), down from 21.94 billion francs, in the year-ago period. However, analysts were expecting sales of 21.32 billion francs.

The company also maintained its forecast for the full year.

Nestlé shares closed at $76.06 yesterday.

Posted-In: SalesNews


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