Nestlé ''s recipe is practically Stable

Nestle reported that registered a revenue of 21 billion Swiss francs ($ 21 billion) in the first quarter of 2017, with slight increase of 0.5% compared to the previous year. According to the company, the result practically stable was affected by the weakening of the market in North America, with the manufacturer facing a slow global growth and a shift in consumer tastes. Organic growth, excluding currency effects, acquisitions and divestments, was 2.3%. Mark Schneider, Chairman of Nestlé, added that, in 2016, February had an extra sales day because of leap year. Today, the company reaffirmed it expects organic growth between 2% and 4% in 2017. However, haven''t been released quarterly earnings data.