Surging annual profit at Nestle has helped the water and chocolate giant take back the title of the’s world’s largest food company—a title it held for a decade before Anheuser-Busch InBev temporarily dethroned it last year.
Nestle’s profit last year topped $10.3 billion, an increase of 42%. It’s one of the key metrics that Forbes uses each year to analyze companies as part of the 2019 Forbes Global 2000 list—the comprehensive ranking of the world’s most powerful public companies as measured by a composite score of revenue, profit, assets and market value. On the list overall, Nestle jumped to #42, six spots up from last year, while AB InBev dropped 28 spots to #69.
