Nestle (NESN.S) reported slightly better than expected annual sales growth on Thursday driven by price increases, though the world’s largest packaged food company warned of a narrower profit margin in 2025.
Under new CEO Laurent Freixe, the world’s biggest packaged food maker is trying to grow sales volumes, invest in innovation and restore investor confidence after years of soaring prices alienated shoppers and ate into its marketing budget.
Nestle forecast
