Nestle posts strongest quarter in a decade

As consumers were locked up at home, Nestle says they bought more packaged food for themselves and their pets.

That helped the world's biggest food group post its strongest quarterly sales growth in a decade.

Nestle on Thursday (April 22) said it's weathered the the global health crisis well so far.

It expanded e-commerce and its health science portfolio as shoppers became more concerned about their health.

The maker of KitKat chocolate bars and Nescafe instant coffee expects an increase in organic sales growth this year.

They were up 7.7% in the first quarter.

Petcare sales rose 8.7%.

While powdered and liquid beverages including coffee rose nearly 10%.

Dairy sales soared over 15%.

Nestle says it will now focus on offering more health and wellness foods and get rid of underperforming businesses.

Its shares were trading up as much as 2.7 percent in early deals.