Nestle posts better-than-expected H1 sales growth
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A logo of food giant Nestle is seen in a building in Orbe, Switzerland, February 9, 2024. REUTERS/Denis Balibouse
LONDON (Reuters) -Nestle posted better-than-expected first-half organic sales growth on Thursday as the world's biggest packaged food company raised prices to address input cost inflation in coffee and cocoa-related categories.
The Swiss company maintained its 2025 outlook, saying it still expects organic sales growth to improve compared to 2024 and estimates an underlying trading operating profit margin at, or above, 16%.
(Reporting by Alexander Marrow)
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