Published on 25 Apr 2024 on Just Drinks via Yahoo Finance
Nestlé anticipates its “real internal growth” will rebound after posting the largest drop since the final three months of 2022 in the opening quarter of this year.
The key RIG metric – which strips out the effect of pricing from organic growth to reflect changes in volume – fell 2% in Nestlé’s opening quarter of 2024. The company pointed to “weakness” in frozen pizza and snacks in the US as low-income consumers turned to private label.