Monday May 25, 2020

Nestle reduces yearly sales outlook as growth slows in China

Maggi noodle recall in India had ‘significant impact’ on region

15th October, 2015

Food giant Nestle today lowered its full-year outlook as a Maggi noodle scandal continued to drag down third-quarter sales, according to Reuters.

The world’s largest packaged food company’s sales dropped 2.1 per cent to 64.9 billion Swiss francs in the nine months to September, missing analysts’ forecast of SFr65.9bn, (€60.6) in a Reuters poll.

“After a good performance in the first half of the year we were impacted in the third...

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