U.S. stocks move: Nestlé rises over 5%, Q1 organic sales growth of 3.5% beats expectations and sells its Blue Bottle subsidiary

Golden Globe April 23｜Nestlé (NSRGY.US) rose more than 5%, reaching a high of $102.06, marking a new high in over a month. On the news side, Nestlé's natural sales growth in the first quarter was 3.5%, exceeding analysts' expectations, driven by strong snack and coffee sales, which offset the impact from the recall of infant formula in more than 60 countries. The company maintains its full-year guidance, aiming for internal growth between about 3% and 4%, with the basic trading operating profit margin expected to increase year-on-year and further strengthen in the second half, and free cash flow projected to exceed 9 billion Swiss francs. In addition, Nestlé announced the sale of Blue Bottle to Luckin Coffee shareholder Dachen Capital.