Nestlé revises 2024 revenue growth outlook to 2%, citing weakened consumer demand and rising prices.

Nestlé has revised its revenue outlook for 2024, projecting organic sales growth of about 2%, down from earlier estimates. The company cites weakened consumer demand and rising prices as key factors. New CEO Laurent Freixe plans to focus on innovation and marketing to regain market share and investor confidence. Additionally, organizational changes will take effect in January 2025, merging North and Latin America into Zone Americas to streamline operations.

October 16, 2024
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