Nestle and Danone signal slower price rises ahead
DANOYDanone(DANOY) Proactive Investors·2024-02-22 20:34

Nestle S.A. (OTC:NSRGF, VTX:NESN) and Danone (OTCQX:DANOY) have both signalled food prices could climb more slowly over the coming year after such sharp increases have hit demand at both. Nestle reported organic sales growth of 7.2% for the year to December, below analysts’ expectations for 7.4%. Danone (OTCQX:DANOY) said like-for-like sales had climbed by 7% meanwhile, with price increases offsetting a 0.4% decline in volumes. Such price rises have become commonplace in shops in recent years, with the two ...