The company also makes Nespresso, Shreddies cereal, and Haagen-Dazs ice cream
Blaming “unprecedented cost inflation”, Nestle has pushed its prices 6.5% higher over the past six months.
As they seek to pass on the impact of rising costs, analysts said sales at the company beat targets, after the price hikes helped sales jump 9.2% to 45.6 billion Swiss francs over the six months to June. Mark Schneider, chief executive officer of Nestle, said the group increased prices “in a responsible manner” across its operations.
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