Nestlé Q1 Sales Fall 5.1%

Nestlé SA

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.