Nestlé growth slows as inflation eats away at profits
Nestle’s stock price fell nearly 4.5% on Thursday after the Swiss multinational maker of Kit Kat chocolate bars and Haagen-Dazs ice cream reported lower-than-expected growth. This is another sign that inflation is weighing on the company’s profits. The company said it expects organic sales to increase by about 4% in 2024 and underlying trading operating […]