Nestle posts better-than-expected annual sales growth
Tweet
Share
E-mail
FILE PHOTO: A Nestle KitKat product is displayed on a shelf in a supermarket in Sarajevo, Bosnia and Herzegovina, October 29, 2024. REUTERS/Dado Ruvic/File Photo
LONDON (Reuters) -Nestle posted a slightly better-than-expected annual sales growth on Thursday, as the world's biggest packaged food company raised prices for its coffees, chocolates and pet food.
Nestle maintained its organic sales outlook for 2025 and forecast stronger annual growth from its 2024 levels.
Organic sales, which exclude the impact of currency movements and acquisitions, rose 2.2% in the full year ended December 31, the maker of Maggi stock cubes and Nescafe coffee said.
Analysts, on average, expected organic sales growth of 2.1%.
Sales decreased by 1.8% to 91.35 billion francs ($100.27 billion).
($1 = 0.9110 Swiss francs)
(Reporting by Richa Naidu; Editing by Sherry Jacob-Phillips)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Overloaded boat capsizes in Nigeria, around 40 corpses recovered, waterways authority says
- Top Canada, US trade negotiators to meet again as deal deadline nears
- Micron unveils $10 billion AI memory research lab in Boise
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
