Nestlé sold more than expected this summer

Nestlé outperformed expectations in the third quarter. The Swiss food giantis benefiting from a strong recovery in sales volumes, particularly in emerging markets. Pet food and snacks are driving growth, while the impact of the large-scale baby food recall is gradually subsiding.

Consumers are buying more again

Nestlé’s revenue rose to 22.76 billion Swiss francs (24.6 billion euros) in the third quarter, compared with 21.64 billion Swiss francs (23.4 billion euros) a year earlier. Organic growth came in at 4%, well above analysts’ expectations of 3.4%.