Published 2 months ago

Nestle misses organic sales estimates amid price hikes

Summary by Ground News

Full-year sales fell by 1.5% to about 93 billion Swiss Francs, missing estimates of 93.68 billion Swiss francs. Analysts had on average expected organic sales growth of 7.4%. Nestle has seen "hesitancy among consumers and a preference for local brands" in the Middle East.

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RTÉ

Nestle misses organic sales estimates amid price hikes

Nestle has today reported full-year organic sales growth slightly below expectations as the world's biggest packaged food company continued to hike prices, prompting some shoppers to turn to competing brands.

2 months ago·Ireland

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WTVB

Nestle misses full-year organic sales estimates amid price hikes

LONDON (Reuters) – Nestle posted full-year organic sales growth on Thursday that was slightly worse than expected as the world’s biggest packaged food company continued to hike prices, prompting some shoppers to turn to competing brands. Nestle said that in 2024, it expects organic sales growth of around 4% and a “moderate increase” of its underlying trading operating profit margin. Organic sales, which exclude the impact of currency movemen…

2 months ago

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