Nestlé SA Sees Modest Growth Amidst Market Challenges

Nestlé SA (NSRGF) has released an update.

Nestlé SA reported a 2.0% organic growth in sales for the first nine months of 2024, amidst softening consumer demand and efforts to reduce customer inventory. The company’s total reported sales decreased by 2.4% to CHF 67.1 billion, impacted by foreign exchange and divestitures. Despite challenges, Nestlé continues to focus on digital transformation and market share expansion, driven by its strong portfolio of brands.

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