, and Dulux paint maker Akzo Nobel saying they were able to accomplish the gains while raising their prices.
But while cheering investors, with Nestle, ABB, and Akzo Nobel enjoying share price gains, the strategy is stirring worries about households’ ability to cope and the outlook for the rest of the year. Nestle beat a 5% average forecast for the sales measure that strips out currency swings and M&A deals in a company-compiled consensus thanks to price increases of 5.2%.
The world’s biggest yogurt maker benefited from price increases at the start of the year as well as easier comparisons and stronger demand for baby formula in China.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »
Source: gmanews - 🏆 11. / 68 Read more »