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Nestle has cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth

Nestle misses nine-month organic sales forecast

Nestle has announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid continued price hikes.

Business • 17 Oct 24

Mark Schneider, Nestle's recently sacked CEO

What went wrong for Nestle CEO Mark Schneider

Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the Covid-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation.

Business • 26 Aug 24

Nestle has lowered its full-year organic sales growth outlook to at least 3% from about 4% previously

Nestle lowers its full-year sales growth outlook

Nestle, the world's biggest packaged food company, lowered its sales outlook today, noting it had to slow its pace of price hikes earlier than it would have liked as consumers have become increasingly cost-conscious.

Business • 25 Jul 24

Nestle says it will not change the recipe of its KitKat bars, despite the rising cocoa prices

Nestle's chocolate prices in focus as cocoa costs bite

Nestle may flag more price hikes on its chocolate products when the world's biggest food maker reports first-half earnings tomorrow, making KitKat bars and Smarties more expensive by Christmas.

Business • 24 Jul 24

Nestle, the world's biggest packaged food company, again raised prices to cope with higher input costs

Nestle beats first-half organic sales expectations

Nestle has today improved its full-year organic sales outlook and reported better-than-expected first-half organic sales, as the world's biggest packaged food company again raised prices to cope with higher input costs

Business • 27 Jul 23

Nestle, the maker of KitKat chocolate bars, raised prices by 8.2% last year

Nestle plans price hikes after costs eat into profits

Nestle has reported weaker than expected full year net profit despite the world's biggest food group passing on higher raw material costs by hiking prices for customers.

Business • 16 Feb 23

The maker of Nescafe instant coffee posted sales of 69.1 billion Swiss francs ($69.43 billion)

Nestle raises full-year sales guidance

Nestle today reported better-than-expected nine-month sales and raised its full-year guidance as the world's largest packaged food company successfully passed on price increases to customers.

Business • 19 Oct 22

Nestle said strong demand for coffee, dairy and petcare products boosted growth in the first quarter of this year

Coffee lovers and home bakers boost Nestle Q1 sales

Food giant Nestle has today posted its strongest quarterly sales growth in 10 years, citing stronger demand for coffee, dairy and petcare products.

Business • 22 Apr 21

Nestle CEO Mark Schneider said he has taken only two cross-border trips since the company banned international travel in February

Covid has made management more hands-on - Nestle CEO

Food company Nestle said the Covid-19 pandemic has forced its senior management to become more immersed in daily operations as executives need to deal with safety and business continuity issues.

Business • 29 Sep 20

Under CEO Mark Schneider, Nestle focused on premium products in fast-growing market segments such as coffee while retreating from slower-growth areas such as chocolate and processed meat

Nestle pushes back growth target after solid 2019

Food giant Nestle expects growth to accelerate over the next two years towards its mid-single digit organic growth target, initially set for 2020, after it hit a four-year high at 3.5% and profitability improved in 2019.

Business • 13 Feb 20

Nestle CEO Mark Schneider is buying nutrition products that combine properties of medicine and food

Nestle buys Allergan's Zenpep in medical nutrition deal

Swiss food giant Nestle has bulked up its medical nutrition business by buying Allergan's Zenpep, a product for people whose pancreases do not provide enough enzymes to properly digest fats, proteins and sugars.

Business • 27 Jan 20

Mark Schneider, CEO of Nestlé, said that no plastic should end up in landfill or as litter

Nestle invests €1.9 billion to move to recycled plastic

Food giant Nestle said today it would invest up to 2 billion Swiss francs (€1.9 billion) to source more recycled plastics to package its products.

Business • 16 Jan 20

Nestle revamps waters business as organic growth slows

Food group Nestle plans to return up to 20 billion Swiss francs to shareholders over the next three years and reorganise its struggling waters business after organic sales growth slowed in the third quarter.

Business • 17 Oct 19

Nestle institute to develop 'packaging of the future'

Nestle has set up a research institute to develop more environmentally friendly packaging for its products and reduce plastic waste, taking matters into its own hands rather than relying on its suppliers.

Business • 13 Sep 19

Nestle's chief executive Mark Schneider said the company performed especially well in the US in the second quarter

Nestle posts half yearly organic growth of 3.6%

Food giant Nestle said strong demand for its products in the US and Brazil helped the KitKat chocolate bar maker post its fastest sales growth in three years during the second quarter.

Business • 26 Jul 19

Nestle's chief executive Mark Schneider said the company's changes were paying off

Nestle keeps upbeat tone as Q1 growth accelerates

Nestle has today posted higher-than-expected sales growth in the first three months of the year after good momentum in the US and China.

Business • 18 Apr 19

Nestle confirms guidance as Q3 growth improves

Food group Nestle confirmed it wants to grow sales by around 3% this year after it reported improved trading in North America and infant nutrition had pushed up underlying sales in the third quarter.

Business • 18 Oct 18

Nestle CEO Mark Schneider said the company is expecting further improvement in its organic revenue growth

Nestle's second quarter growth beats expectations

Food giant Nestle said it expects an improvement in sales and profitability in the second half of 2018, with its infant formula business helping second-quarter results.

Business • 26 Jul 18

Loeb pressures Nestle for more sales, restructuring

Billionaire investor Daniel Loeb has stepped up pressure on food group Nestle in a letter that urged its board to be "sharper," "bolder" and "faster" in spinning off businesses and untangling its complex management structure.

Business • 02 Jul 18

Mark Schneider is the first external CEO at Nestle in nearly a century

Under activist pressure, Nestle sets margin goal

Nestle, under pressure from activist shareholder Third Point, set an operating margin target for the first time, although it fell short of rival Unilever's ambitions.

Business • 26 Sep 17

Nestle said its volume growth slowed to 1.3%, from 3% a year ago

Nestle confirms outlook as Q1 sales growth slows

Swiss food giant Nestle maintained its modest 2-4% growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever.

Business • 20 Apr 17

Mark Schneider