News Summary: Nestle 9-month sales up 4 percent


Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(AP) - SALES BUMP: Nestle, the world's biggest food and drink company, posted a 4 percent rise in sales for the first nine months of 2013, mainly thanks to demand from emerging markets.

2013 OUTLOOK: The maker of Nescafe, Jenny Craig and Haagen-Dazs said Thursday it expects sales to grow around 5 percent for the full year, excluding the impact of new acquisitions and shifts in currency values.

CONCERNS EASED: That will ease some concerns for shareholders after Nestle, based in Vevey, Switzerland, had this year cautioned it might not be able to meet its usual target of between 5 to 6 percent annual organic growth.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast