Packaged goods makers including Unilever and Nestlé disappointed investors with weak third-quarter sales volumes, but that could change in the coming months as.
Packaged goods makers including Unilever and Nestle disappointed investors with weak third-quarter sales volumes, but that could change in the coming months as price increases moderate. The slide in sales volumes of big brands only grew worse after the Ukraine war sparked a cost of living crisis. Top U.S. and European investors have this year flagged their concerns about high prices to consumer goods companies.
Packaged goods manufacturers, such as Unilever and Nestle, left investors disappointed due to underwhelming third-quarter sales figures. However, this situation might improve in the forthcoming months as the rate of price increases becomes more moderate. These companies raised their prices in response to the COVID-19 pandemic to offset rising expenses, which led some consumers to seek more budget-friendly options.
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