Nestlé cuts full-year forecast on softer environment
Nestlé, the maker of brands such as Aero, KitKat and Haagen-Dazs, has cut its full-year forecast. The food giant’s latest sales figures fell short of analysts’ expectations.
“For the full year 2016, considering the current softer environment, we expect organic growth of around 3.5 per cent, improvements in margins and underlying earnings per share in constant currencies, and increased capital efficiency.”
Paul Bulcke, chief executive, Nestlé
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