Are you a fan of Nestle products? Well, we have some news for you! Nestle recently announced a change in its full-year organic sales growth guidance, lowering it to at least 3% from about 4%. This update came as a surprise to many, as the half-year organic sales growth reported by the company missed estimates.
Despite this adjustment, the world’s biggest packaged food company managed to increase its volumes, easing worries that price hikes would push away shoppers. Nestle’s dedication to delivering quality products while maintaining market competitiveness is truly commendable.