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Nestle shrugs off COVID-19 impact thanks to pet food and health nutrition – Fox Business

The world’s biggest food group has weathered the COVID-19 pandemic better than some peers

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Nestle raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations on Wednesday with 4.9% growth driven by strong demand for pet food, coffee and health products.
The world’s biggest food group has weathered the COVID-19 pandemic better than some peers as its focus on high-growth categories helped offset a slump in food sales to restaurants and cafes.
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In contrast, French peer Danone announced an extensive review…

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