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Nestle misses quarterly sales estimates

Apr 24, 2024 10:27 PM

LONDON, April 25 (Reuters) - Nestle on Thursday

missed first-quarter organic sales growth estimates as the

world's biggest packaged food company hiked prices and sold

fewer products.

The maker of Maggi noodles and KitKat chocolate wafer bars

confirmed its 2024 guidance of organic sales growth of about 4%

and a moderate increase in underlying trading profit margin.

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