Nestlé growth blip, Unilever volume optimism, Hochdorf gloom, Reckitt woes – Just Food's week in data [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
Nestlé disappointed as the Swiss giant's key growth metric turned negative again as “intense competition” in US frozen food sales took its toll. The first-quarter decline in the real internal growth (RIG) measure, which strips out pricing from organic growth to reflect changes in volumes, was more pronounced in Nestlé's North America division than the group result. CEO Mark Schneider, however, is confident the decrease is temporary, with expectations RIG will rebound in the coming quarters. Unilever, meanwhile, saw its nutrition business unit volumes decline in the opening three months of the year but the drop was self-inflicted as CEO Hain Schumacher trims the portfolio in Europe. Also in Switzerland, infant formula and dairy ingredients group Hochdorf, which delivered net losses in the past two years, put its whole business up for sale. The decision creates an uncertain future for the company's Bimbosan and Babina baby-food brands, which sit within Hochdorf Swiss Nutritio
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