Reported 1 day ago
Nestle reported better-than-expected first-quarter organic sales growth of 2.8%, benefiting from price hikes on products like Kit-Kat and Nescafe, despite the 'unclear' indirect impact of U.S. tariffs on its operations. The company maintained its 2025 outlook, expecting continued sales growth and a trading profit margin of at least 16%, while indicating challenges from tariffs affecting its water business and overall commodity prices.
Source: YAHOO