Nestle said it will increase prices again this year as the higher cost of ingredients has made it miss its 2022 profit forecasts, according to Chief Executive Mark Schneider
Nestle said it will increase prices again this year as the higher cost of ingredients has made it miss its 2022 profit forecasts, according to Chief Executive Mark Schneider
Nestle's Chief Executive Mark Schneider said the world's largest food group will have to raise the prices of its food products this year to offset higher production costs
Nestle's Chief Executive Mark Schneider said the world's largest food group will have to raise the prices of its food products this year to offset higher production costs
Coffee drinkers drive strongest Nestle quarter in a decade, shares rise by 2%
What a blow out - the strongest quarterly number since 2011, Kepler Cheuvreux analyst Jon Cox said, pointing to a recovery in emerging markets
Reuters | April 23, 2021 | Updated 08:19 IST
Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world s biggest food group outshone Danone and set a high bar for Unilever. The Swiss group has weathered the COVID-19 pandemic well so far, as consumers have bought more packaged foods and tried to brighten up lockdowns with Starbucks at-home coffee or making treats with Carnation evaporated milk.