Nestle viewed as Covid-proof after sales growth and improved outlook

Figures for food giant reveal strong demand for pet food, coffee, and health products

The food giant has beaten third-quarter expectations.

Food group Nestle has raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations with 4.9% growth driven by strong demand for pet food, coffee, and health products.

The world’s biggest food group has weathered the Covid-19 pandemic better than some peers as its focus on high-growth categories helped offset a slump in food sales to restaurants and cafes.