Swiss food giant Nestle has anticipated stable growth in sales volumes from the second quarter onwards, as cost inflation eases, according to CEO Markus Schneider.
In an interview with Swiss weekend paper “Schweiz am Wochenende” on Saturday, Schneider expressed confidence that the company has overcome challenges posed by cost inflation and lower sales volumes due to marked-up prices.
“From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from volume and product mix,” Schneider said
This optimistic outlook came after Nestle reported a 5.9% decline in sales in the first quarter, although sales rose 1.4% when adjusted for currency swings. The company had forecast currency-adjusted 2024 sales growth of 4% in April.
Nestle, the maker of popular brands such as Nespresso, KitKat, and Perrier, is poised to benefit from easing cost inflation and stabilising sales volumes, paving the way for stable growth in the remainder of the year.
Follow us on:
Trump is considering Kevin Warsh for Treasury Secretary, with a future possibility of him becoming…
Hyundai has recalled 145,235 electrified vehicles in the US. due to potential loss of drive…
AGN president Rollas has stressed the need for actor licensing to ensure fair compensation and…
EU regulators has closed a four-year investigation into Apple's App Store rules after the complainant…
IPOB distanced itself from Simon Ekpa, calling him a “destructive agent” who infiltrated and destabilised…
Biden has condemned ICC's arrest warrants for Netanyahu and Gallant, calling them "outrageous" amid global…
View Comments
agree to by the INTERNAL ofNG,,CALL08138559865 opportunities to get a car of your choice at a minimum price E-Auction Vehicles/Cars For Sale of Rice...Motor
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
((08138559865) (+234_815__8559_865)
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill