Nestlé Q1: Pandemic-fueled at-home coffee sales drive stellar results

April 23, 2021
World's largest CPG company's focus on coffee delivers as consumption for Nespresso pods and Starbucks-branded products takes off


  • Organic growth reached 7.7%, with real internal growth (RIG) of 6.4% and pricing of 1.2%. Growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains.
  • Foreign exchange reduced sales by 5.3% due to the continued appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 1.0%. As a result, total reported sales increased by 1.3% to CHF 21.1 billion (3M-2020: CHF 20.8 billion).
  • Portfolio management on track. The sale of Nestlé's regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada was completed on March 31, 2021. The acquisition of Essentia Water was completed on March 5, 2021.
  • Full-year 2021 outlook confirmed: continued increase in organic sales growth towards a mid single-digit rate. Underlying trading operating profit margin with continued moderate improvement. Underlying earnings per share in constant currency and capital efficiency expected to increase.

Nestlé said most product categories delivered strong organic growth. Coffee was the largest contributor to growth, fueled by strong demand for Nespresso, Nescafé and Starbucks products. Dairy grew at a double-digit rate, based on elevated demand for home-baking products and fortified milks. 

The food giant confirmed organic sales should grow more than 3.6% this year after strong demand for coffee, dairy and petcare products boosted growth in the first quarter.

Click here to Nestlé's full report.


[Credit: Nestlé Waters]
Nestle Waters National Brands Grouping

One Rock, Metropoulos complete $4.3B acquisition of Nestlé Waters North America

March 31, 2021
New York City-based One Rock Capital Partners LLC in partnership with Metropoulos & Co. today announced the completion of the previously publicized $4.3 billion acquisition of...
[Photo: Nestlé SA]
Kit Kat V Vegan

Nestlé readies groundbreaking vegan KitKat for test run

Feb. 16, 2021
One of the world's most popular confectionery bars could soon be available in a plant-based option. The new vegan KitKat – called KitKat V – will be launched later in the year...