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The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises, in...
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America."Weakness in the US centered around frozen pizza and snacks, where we saw a combination of soft consumer demand, intense price competition and a reduction in retailer inventories in the quarter," Manz said.
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.
Swiss food giant Nestle reported slimmer sales than expected in the first quarter on Thursday, weighed down by weak demand for frozen pizza and snacks in North America.
“This is a temporary issue,” Nestlé CFO Anna Manz said. “We expect clear proof of our progress in the second quarter.”