FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable sales volume growth from the second quarter through the rest of the year as cost inflation eases, its CEO told Swiss weekend newspaper “Schweiz am Wochenende” on Saturday.
“From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from volume and product mix,” Markus Schneider said in the newspaper.
The maker of Nespresso, KitKat and Perrier brands said in April that first-quarter sales fell 5.9% but rose 1.4% when adjusted for currency movements. At the time, it forecast currency-adjusted sales growth of 4% in 2024.
Schneider told the newspaper that the company was confident it had overcome the challenges of cost inflation and lower sales volumes due to higher prices. “We are now seeing a stabilization of the situation,” he said.
