Nestle sees stable sales growth from Q2, CEO tells paper
Nestle anticipates stable growth with positive volume and product mix contributions, overcoming challenges like cost inflation and lower sales volumes. The iconic brands like Nespresso, KitKat, and Perrier continue to drive growth, reflecting a 1.4% rise after adjusting for currency swings.
food giant is targeting growth in sales volumes from the second quarter throughout the remainder of the year as eases, its told Swiss weekend paper "Schweiz am Wochenende" on Saturday."From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from and product mix," Markus was quoted as saying by the newspaper.
The maker of Nespresso, KitKat and Perrier brands said in April that first-quarter sales declined 5.9%, but rose 1.4% when adjusted for currency swings. It forecast 2024 of 4% at the time.
told the paper that the company was confident it had overcome challenges from cost inflation and lower sales volumes due to marked-up prices. "We now see a stabilization of the situation," he said.
Source: Stocks-Markets-Economic Times
