The word “home” was mentioned 50 times on Nestlé’s second-quarter investor call, compared with just once during the same briefing that took place during 2019. Soon, household-staples companies could sound equally preoccupied with their flagging nondomestic businesses. Since the Covid-19 pandemic began, consumers have had to spend more time sheltering indoors and preparing their own food. That is a reversal of a long-term trend of people in Europe and the U.S. eating more of their meals out in restaurants, fast-food chains...

Source: Wall Street Journal August 09, 2020 13:52 UTC