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Nestlé’s Pandemic Response Is To “Rethink” The Out-Of-Home Business, Not “Right-Size” It

August 3, 2020: 12:00 AM EST
Nestlé CEO Ulf Mark Schneider told investors recently that the company has no plans to “right-size” its business in response to the coronavirus pandemic, but it is definitely “rethinking” categories like coffee and water and will adapt wherever possible in the out-of-home business. That means less hotel and restaurant business “for a while going forward,” Schneider said. But he noted that many more consumers have ordered in from restaurants and dark kitchens during the crisis, so “there's almost like a blurring of the lines between what is in-home consumption and what is out-of-home consumption.” Nestlé’s out-of-home sales declined by as much as 60 percent in the first half of the year as offices, restaurants, and hotels closed. The company’s year-to-date profit increased 18 percent to 5.9 billion Swiss francs ($6.5 billion); earnings per share increased 22 percent to 2.06 Swiss francs ($2.29). [Image Credit: © Nestlé]
Monica Watrous, "Nestlé rethinking, not rightsizing, away-from-home business", Food Business News, August 03, 2020, © SOSLAND PUBLISHING COMPANY
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