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International Business Times
International Business Times
Business
Nathalie OLOF-ORS

Nestle Sales Slump On Weak North America Demand For Frozen Food

Nestle sales reached $24.2 billion in the first quarter (Credit: AFP)

Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.

Shares in the group fell following the publication of its earnings, which come as Nestle has recently faced scrutiny over the quality of its Perrier water and sugar levels in baby food sold in poorer countries.

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