Friday, 19 April 2024
Nestle Chief Executive Mark Schneider warned on Friday against reading too much into the company’s first-quarter results, which marked its best quarterly growth for nearly five years as customers stockpiled food to deal with coronavirus shutdowns.
“It is important not to get carried away by the strong organic growth,” Schneider told an analyst call after Nestle posted a 4.3% increase during the three months to the end of March.
The situation remained “highly volatile” he said, with significant ups and downs across categories and regions. Nestle would not be able to forecast the financial impact of the COVID-19 epidemic on its business, Schneider added.
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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