Earnings

Nestle posts first-half organic growth of 3.6%

Nestle chocolate products are displayed on the shelves of a Kroger supermarket in Decatur, Georgia.
Getty Images

Food giant Nestle said strong demand for its products in the United States and Brazil helped the KitKat chocolate bar maker accelerate sales growth during the first six months of 2019.

Organic sales, which strip out currency swings and acquisitions and disposals, matched analyst expectations for 3.6% growth, an improvement over 2.8% in the year-ago period.

Net profit at the world's largest packaged food company fell 14.6% to 5.0 billion Swiss francs ($5.05 billion), as the year-ago period benefited from a $2.8 billion one-off gain linked to selling it U.S. confectionery business to Ferrero.