Nestle cuts 2020 growth forecast as consumers ate into stockpiles in second quarter
Nestle cut its full-year underlying sales forecast on Thursday, saying demand had slowed as customers worked their way through cupboards they stocked up with food at the start of coronavirus related-lockdowns. Packaged food company Nestle has weathered the crisis better than other industries as consumers bought several preserved foods in bulk during COVID-19 lockdown, although Nestle’s business … Read more