Nestle Sales Growth Slows Sharply as Consumer Demand Remains Weak
Provided by
Dow Jones
By Dominic Chopping
Nestle's organic sales growth slowed sharply in the first months of the year as consumer demand remained weak, particularly in North America, while supply-chain disruptions continued to hold back volumes.
The Swiss maker of KitKat chocolate bars and Nescafe coffee said Thursday that organic sales rose 1.4% in the first-quarter, missing a company-compiled consensus of 2.9% and compared to 9.3% in the same quarter last year.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
April 25, 2024 01:31 ET (05:31 GMT)
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