A Nestle company logo is pictured on a bar of Milky Bar chocolate in Manchester, Britain April 25, 2017. REUTERS/Phil Noblewill have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper.
The increases will not be as steep as they were in 2022, but "we have some catching up to do over the full year," Schneider was quoted as telling Frankfurter Allgemeine Zeitung in an interview due for publication on Sunday. In the first nine months of 2022, the world's biggest food group, which makes KitKat chocolate bars and Nescafe reported organic sales growth of 8.5%, of whichInflation in many developed economies has been running at multi-decade highs, driven in large part by increases in prices of food and energy.
Company making record profits doubles prices to increase income
Why anyone would buy anything from that company is beyond me.
So many things wrong with this company.
uh huh.. let me guess... 'inflation'
CEO making sure he stuff his bag bigger
Ya think? Why? Because they can.
I try not to buy anything by Nestlé anyway.
This greedy conservative CEO wants to hurt a Democratic POTUS by feeding inflation. Americans tend to blame the wrong people.
No surprise at all!
Żeby lepiej wspierać terrorystyczną gospodarkę rosji? 🤦♂️🤣
BoycottEasterEggs
Stop. Buying. Nestle. There, problem solved. Next
Great
Ofc, what matters is netflix, TikTok and the game. Not food or those who make it pfft.
So where’s the part of the story where we find out that Nestle’s profits are at record highs and this is just corporate greed pure and simple?
Oy vey
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