Tuesday, September 28, 2021

Nestlé US boss sees no decline in food consumption after Covid spike

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Nestle on Thursday reported global sales grew 1.5% to just over $46 billion in the first six months of 2021. The company said its largest contributor to organic growth was coffee. Nestle saw better-than-expected 8.1% growth in global organic sales. “We see really strong tackiness to those occasions and to those behaviors that we saw during the peak of the pandemic, sticking and continuing to drive growth. And we expect that to continue through the rest of certainly ’21 and beyond,” he added.

Categories such as baking and frozen pizza products saw increased growth during the peak of at-home pandemic lockdowns, Presley said. He added that products including coffee, pet care, creamers and traditional frozen foods in the comfort space continued to push the strong momentum that was seen in the peak of 2020 into 2021.

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