Rising Costs Drag on Nestlé’s Profit Despite Higher Selling Prices

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Greater prices for commodities, freight and power are beginning to eat into revenue at Nestle SA, even because the world’s largest packaged meals firm pushes up costs for its Nescafé espresso and KitKat chocolate.

Nestlé and different consumer-goods corporations have for a lot of the previous yr been grappling with excessive inflation because the restoration from Covid-19 good points steam. This yr, the struggle in Ukraine has sent energy prices soaring further.

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