Nestle’s revenue declines following price increases

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Nestle, the world’s largest packaged food company, has reported a decrease in sales following a recent increase in prices. On Thursday, the company announced that its first-quarter sales did not meet expectations, with a notable decline in business in North America. Total reported sales for the first quarter of 2024 were 22.1 billion Swiss Francs (£19.4 billion), a 5.9% decrease compared to the…

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