Nestlé’s recipe is good enough to keep Loeb sweet dasha_reuters
Swiss consumer giant Nestlé on July 26 reported revenue of 45.5 billion Swiss francs for the first half of the year. Organic growth of 3.6% from the same period a year earlier was in line with a company-supplied consensus forecast.
Nestlé said its underlying trading operating margin rose to 17.1%, up 100 basis points from a year ago. The $309 billion maker of Nespresso coffee and S.Pellegrino mineral water said the biggest contributors to growth were Purina PetCare, coffee and infant nutrition.
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