Nestle cautions on challenge of slowing sales

GENEVA • Swiss food and drinks giant Nestle SA posted a 3.7 percent rise in first-half profits Thursday, but warned it would not be easy sticking to its sales targets as it tackles slowing markets around the world and “value-conscious” consumers. Investors sent shares down 2.4 percent to 63.15 Swiss francs in afternoon trading on the Zurich stock exchange, after Nestle released its first-half statement showing that underlying sales growth was at its lowest in four years. Based in Vevey, Switzerl...

Share this post