Nestle Sees Fastest Growth in a Decade, Raises Sales Forecast
Nestle, the world's largest food company, is seeing its fastest growth in a decade this year, as people travel and dine out again. Nestle raised its full-year sales forecast to a range of 6 to 7%. Working from home has also boosted consumption at home, yet the Swiss giant is impacted by inflation, putting pressure on margins, and weak demand from baby food in China. Chief Exeuctive Officer Mark Schneider spoke on "Bloomberg Markets: European Open.