Nestle sees stable sales growth from Q2, CEO tells paper
Sat, Jun 29, 2024 3:33 PM

Nestle sees stable sales growth from Q2, CEO tells paper

A Flip by Avya Verma
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Nestle's CEO, Markus Schneider, expects stable sales volume growth from Q2 onwards as cost inflation eases, following a 5.9% decline in Q1 sales. Adjusted for currency swings, Q1 sales rose 1.4%. The company forecasts 4% currency-adjusted sales growth for 2024. Schneider is confident that Nestle has overcome challenges from cost inflation and lower sales volumes due to marked-up prices.

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