Nestle's Russia Ties Puts Company in Twitter Users' Crosshairs
Ukraine Prime Minister Denys Shmyhal said he believed Nestle CEO Mark Schneider showed "no understanding" about the impact of staying in the Russian market.
Source: newsweek.com
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Nestle's 'exceptionally strong organic sales growth' may not be enough to buoy margins amid rising inflation
Nestle boosted its full year sales guidance this week after raising prices once again to account for climbing costs, but leadership cautioned those increases may not be enough to fully counter worsening inflation – suggesting more hikes likely are necessary and full-year profits may be suppressed.
Source: foodnavigator-usa.com