Nestle misses nine-month organic sales forecast

Nestle misses nine-month organic sales forecast

Nestle has announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid continued price hikes.

Nestle misses sales forecast, to streamline organisation

Nestle said it now expects 2024 organic sales growth to be around 2% and an underlying trading operating profit (UTOP) margin of about 17%

Nestle announces restructuring, misses nine-month organic sales forecast

NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid continued price hikes.