Nestle reports Q1 sales CHF 21.3B vs. CHF 22.6B last year

Philipp Navratil, Nestle (NSRGY) CEO, commented: “Our first-quarter performance demonstrates that our RIG-led growth strategy is delivering. Results were strong across most Zones and categories, particularly in Coffee and Food & Snacks. Growth in emerging markets stood out. In Europe and the US our performance was robust as our teams successfully navigated the customer and consumer environments. Building on the momentum in the first quarter, we continue to execute our strategy to deliver a stronger Nestle. In an uncertain and complex environment, I would like to thank all our people for their dedication and our customers and consumers for their trust.”