Swiss food giant Nestlé says product lines lifted by the pandemic are still seeing strong demand
raised its full-year sales guidance for the second straight quarter, buoyed by strong demand for coffee and pet food, despite the continuing challenges of rising input costs and supply-chain snags.
, could continue to benefit the company, even as virus-related restrictions receded in some major markets—a view expressed by Nestlé executives. Nestlé also said other products that have boomed during the pandemic, such as pet food and vitamins, minerals and supplements, had continued to perform well. It said e-commerce sales, another beneficiary since Covid-19 struck, were up 17% in the first nine-months of the year, even as out-of-home sales increased by 23%.
The company said its underlying trading operating-profit margin is expected to be around 17.5% for the full year, reflecting an initial delay between the rise in input costs and Nestlé’s ability to raise prices.
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