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Nestle: pet food driving growth
Nestlé (SWX:NESN) reported 3.5% organic growth for the 9 months ending 30 September, benefiting from strong momentum in particular from its Purina PetCare and Nestlé Health Science businesses and an acceleration of its coffee business at the end of the period.
Petcare was the standout performer seeing 10.6% growth to CHF10.38bn, lifting the category to 16.7% of group sales, as its Purina, Felix and Bakers brands enjoyed a good lockdown with a…
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