Nestle Sales Rise on Price Hikes, May Divest Vitamins Business
The maker of Nespresso and KitKat candy bars saw revenue grow 2.9% on an organic basis in the first half of the year, it said Thursday, in line with the average analyst estimate compiled by Bloomberg. Price hikes were the main reason for the increase, while real internal growth — a measure of volumes — expanded more slowly than analysts had expected.
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