Vevey, Switzerland — During the previous quarter, Nestlé SA grew organic sales 2.3 percent, while sales in the Americas were up 2.6 percent, the company reports.
Noting this growth was within its full-year guidance range, CEO Mark Schneider says: “The leap year comparison and other seasonal effects made the start of this year particularly challenging. We were encouraged by the growth in Asia and the resilience of consumer spending in Europe.”
Nestlé’s North American business faced soft consumer demand, with declines in confectionery, while growth in Mexico remained positive but slowed, the company reports.
Confirming its full-year outlook, Nestlé anticipates organic growth between 2 percent and 4 percent.