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Nestlé (NSE:NEST) reported stronger-than-expected organic sales growth for the first quarter on Thursday, boosted by higher prices for popular products like Kit-Kat chocolate bars and Nescafé coffee.
The Swiss food giant confirmed its 2025 forecast, maintaining expectations for improved organic sales growth and a trading operating profit margin of 16% or higher.
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For the first quarter ending March 31, organic sales growth – which excludes currency fluctuations and acquisitions – increased by 2.8%. This performance surpassed analysts’ forecasts of 2.5%.
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Overall, total reported sales climbed 2.3%, reaching 22.6 billion Swiss francs ($27.28 billion), slightly exceeding the anticipated 22.5 billion francs.
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