Latest news with #Nature'sBounty
Leader Live
5 days ago
- Business
- Leader Live
Nestle sees lower customer demand after hiking coffee and chocolate prices
The KitKat and Nescafe maker revealed that sales growth was almost entirely driven by higher pricing, as it passed inflation in its supply chain on to customers. The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier. It said this was driven by a 2.7% increase in pricing, while it saw real internal growth of 0.2%. This included a 3.3% increase in prices in the second quarter as sales volumes declined marginally amid pressure on customer finances. The company said this came as it 'took actions to address input cost inflation in coffee and cocoa-related categories'. Confectionery prices increased by 10.6% over the half-year, while coffee prices rose by 6%. Sales volumes were only marginally higher over the quarter as Nestle reported 'lower consumer demand' as shoppers were 'adjusting to price increases'. It came as Nestle also announced a review into the future of the vitamins business its previous boss bought in 2021. The company has indicated it could sell off its mainstream vitamins and supplements division, which includes the Nature's Bounty and Puritan's Pride brands. Laurent Freixe, Nestle chief executive, said: 'We are executing our strategy to accelerate performance and transform for the future. 'We are accelerating our category growth and improving our market share, through better execution and increased investment, funded through a relentless pursuit of efficiency. 'These actions are already delivering results, with broad-based growth and a robust profit performance in the first half.'
South Wales Guardian
5 days ago
- Business
- South Wales Guardian
Nestle sees lower customer demand after hiking coffee and chocolate prices
The KitKat and Nescafe maker revealed that sales growth was almost entirely driven by higher pricing, as it passed inflation in its supply chain on to customers. The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier. It said this was driven by a 2.7% increase in pricing, while it saw real internal growth of 0.2%. This included a 3.3% increase in prices in the second quarter as sales volumes declined marginally amid pressure on customer finances. The company said this came as it 'took actions to address input cost inflation in coffee and cocoa-related categories'. Confectionery prices increased by 10.6% over the half-year, while coffee prices rose by 6%. Sales volumes were only marginally higher over the quarter as Nestle reported 'lower consumer demand' as shoppers were 'adjusting to price increases'. It came as Nestle also announced a review into the future of the vitamins business its previous boss bought in 2021. The company has indicated it could sell off its mainstream vitamins and supplements division, which includes the Nature's Bounty and Puritan's Pride brands. Laurent Freixe, Nestle chief executive, said: 'We are executing our strategy to accelerate performance and transform for the future. 'We are accelerating our category growth and improving our market share, through better execution and increased investment, funded through a relentless pursuit of efficiency. 'These actions are already delivering results, with broad-based growth and a robust profit performance in the first half.'
South Wales Argus
5 days ago
- Business
- South Wales Argus
Nestle sees lower customer demand after hiking coffee and chocolate prices
The KitKat and Nescafe maker revealed that sales growth was almost entirely driven by higher pricing, as it passed inflation in its supply chain on to customers. The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier. It said this was driven by a 2.7% increase in pricing, while it saw real internal growth of 0.2%. Nestle said confectionery prices rose by 10.6% over the quarter (Dominic Lipinski/PA) This included a 3.3% increase in prices in the second quarter as sales volumes declined marginally amid pressure on customer finances. The company said this came as it 'took actions to address input cost inflation in coffee and cocoa-related categories'. Confectionery prices increased by 10.6% over the half-year, while coffee prices rose by 6%. Sales volumes were only marginally higher over the quarter as Nestle reported 'lower consumer demand' as shoppers were 'adjusting to price increases'. It came as Nestle also announced a review into the future of the vitamins business its previous boss bought in 2021. The company has indicated it could sell off its mainstream vitamins and supplements division, which includes the Nature's Bounty and Puritan's Pride brands. Laurent Freixe, Nestle chief executive, said: 'We are executing our strategy to accelerate performance and transform for the future. 'We are accelerating our category growth and improving our market share, through better execution and increased investment, funded through a relentless pursuit of efficiency. 'These actions are already delivering results, with broad-based growth and a robust profit performance in the first half.'
Western Telegraph
5 days ago
- Business
- Western Telegraph
Nestle sees lower customer demand after hiking coffee and chocolate prices
The KitKat and Nescafe maker revealed that sales growth was almost entirely driven by higher pricing, as it passed inflation in its supply chain on to customers. The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier. It said this was driven by a 2.7% increase in pricing, while it saw real internal growth of 0.2%. Nestle said confectionery prices rose by 10.6% over the quarter (Dominic Lipinski/PA) This included a 3.3% increase in prices in the second quarter as sales volumes declined marginally amid pressure on customer finances. The company said this came as it 'took actions to address input cost inflation in coffee and cocoa-related categories'. Confectionery prices increased by 10.6% over the half-year, while coffee prices rose by 6%. Sales volumes were only marginally higher over the quarter as Nestle reported 'lower consumer demand' as shoppers were 'adjusting to price increases'. It came as Nestle also announced a review into the future of the vitamins business its previous boss bought in 2021. The company has indicated it could sell off its mainstream vitamins and supplements division, which includes the Nature's Bounty and Puritan's Pride brands. Laurent Freixe, Nestle chief executive, said: 'We are executing our strategy to accelerate performance and transform for the future. 'We are accelerating our category growth and improving our market share, through better execution and increased investment, funded through a relentless pursuit of efficiency. 'These actions are already delivering results, with broad-based growth and a robust profit performance in the first half.'
North Wales Chronicle
5 days ago
- Business
- North Wales Chronicle
Nestle sees lower customer demand after hiking coffee and chocolate prices
The KitKat and Nescafe maker revealed that sales growth was almost entirely driven by higher pricing, as it passed inflation in its supply chain on to customers. The Swiss consumer group reported organic growth of 2.9% over the first half of the year, compared with a year earlier. It said this was driven by a 2.7% increase in pricing, while it saw real internal growth of 0.2%. This included a 3.3% increase in prices in the second quarter as sales volumes declined marginally amid pressure on customer finances. The company said this came as it 'took actions to address input cost inflation in coffee and cocoa-related categories'. Confectionery prices increased by 10.6% over the half-year, while coffee prices rose by 6%. Sales volumes were only marginally higher over the quarter as Nestle reported 'lower consumer demand' as shoppers were 'adjusting to price increases'. It came as Nestle also announced a review into the future of the vitamins business its previous boss bought in 2021. The company has indicated it could sell off its mainstream vitamins and supplements division, which includes the Nature's Bounty and Puritan's Pride brands. Laurent Freixe, Nestle chief executive, said: 'We are executing our strategy to accelerate performance and transform for the future. 'We are accelerating our category growth and improving our market share, through better execution and increased investment, funded through a relentless pursuit of efficiency. 'These actions are already delivering results, with broad-based growth and a robust profit performance in the first half.'
