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Nestle misses sales estimates as price hikes deter shoppers

By Richa Naidu LONDON (Reuters) – Nestle reported full-year organic sales growth slightly below expectations on Thursday as the world’s biggest packaged food company continued to hike prices, prompting some shoppers to turn to competing brands. Shares fell more than 4% in early London trade to hit their lowest in almost four years. Investors worry…
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Unilever's US, European market share slips as private label booms

Unilever, the maker of Dove soap and Ben & Jerry's ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the United States, data shows, as it ceded some of its turf to private labels and cut products. The food and consumer products industry has increased prices sharply on basic goods in recent years to make up for soaring input costs that began with the pandemic and were exacerbated by Russia's invasion of Ukraine. ...
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Source: yahoo.com

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