Nestlé sales boosted by Nespresso amid dairy and petcare lift

Kieran Conroy, country manager for Nestle Ireland.

Nestlé sales grew at more than twice the rate analysts expected as the Swiss food giant sold more Nespresso capsules to people working from home and restaurants in Asia stocked up as they started reopening.

The foods giant is benefiting from the best of both worlds: People stuck at home buying coffee and convenience meals, and other markets reopening restaurants that need to replenish kitchen supplies.