Nestle misses nine-month organic sales growth, cuts outlook-February 2024-www.financetom.com

Nestle misses nine-month organic sales growth, cuts outlook

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Nestle misses nine-month organic sales growth, cuts outlook

Oct 17, 2024 2:08 PM

LONDON, Oct 17 (Reuters) - Nestle cut its

full-year sales outlook and reported worse-than-expected

nine-month organic sales growth on Thursday as the world's

biggest packaged food company failed to grow volumes amid

continued price hikes.

Nestle said it expects 2024 organic sales growth to be

around 2% and an underlying trading operating margin of about

17% for the year.

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