Nestlé Beating Consensus But What About The Strong Franc?

When you take a moment to reflect on the sort of challenges Nestlé has faced in 2011 - weakness in the developed world, commodity prices moving up sharply in the earlier part of the year and the strength of the safe-haven Swiss franc to name a few - the firm has done mightily well. In constant-currency terms, Nestlé delivered 7.3% (slightly above the 7.2% polled by Bloomberg) sales growth in its first nine months to September 2011. In non-constant currency terms (taking into account the strength of the Swiss franc), sales were down 13.5%.

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