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 chief executive told the Swiss weekend newspaper Schweiz am Wochenende on Saturday.
“From the second quarter and the rest of the year, we can expect a stable and positive contribution to growth in terms of volume and product mix,” Markus Schneider was quoted as saying by the newspaper.
The maker of the Nespresso, KitKat and Perrier brands said in April that first-quarter sales fell 5.9%, but rose 1.4% when adjusted for currency fluctuations. It forecast 2024 currency-adjusted sales growth of 4% at that time.
Schneider told the newspaper that the company is confident that it has overcome the challenges caused by inflated costs and lower sales volumes due to higher prices. He added: “We now see a stabilization in the situation.”