- Q2 organic growth 8.7%, beats poll
- H1 net profit hit by one-offs, misses poll
- Raises growth outlook, slightly trims margin target
- Shares fall 1.4%
ZURICH, July 28 (Reuters) – Nestle (NESN.S) warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance.
Cost inflation hurt the world’s biggest food group less than expected in the second quarter and price increases boosted first-half organic sales growth.
Consumer goods businesses are facing soaring costs for