Top 100 Food and Beverage Company Highlights: #1 Nestlé
Securing the top spot once again, Nestlé reported 9.3% organic sales growth in the first quarter, driven by the company’s price hikes.
Securing the top spot once again, Nestlé reported 9.3% organic sales growth in the first quarter, driven by the company’s price hikes, compared to 5.2% price hikes in the year-ago quarter. The food and beverage giant’s real internal growth was -0.5%, impacted by capacity constraints and portfolio optimization actions.
Coffee was one of the company’s best-performing categories, thanks to continued demand for Nescafé, Starbucks and Nespresso products. This was further enhanced by Nestlé’s acquisition of the Seattle’s Best Coffee brand in October last year, which it said was part of its focus on driving sustained profitable growth in the coffee category, adding depth to Nestlé's North America coffee portfolio by further expanding its position in the category.