MILAN – Nestlé posted disappointing full-year results on Thursday. The company reported its weakest gain in more than two decades. Net profit fell nearly 16% and organic sales growth fell below expectations to 2.4% following poor performances in the US and Brazil.
All categories reported positive growth, led by coffee, petcare and Nestlé Health Science.
Nestlé claimed the decelerated growth in the US was due to reduced consumer demand across its food and beverages ranges, and its confectionery range was the only segment in which growth was not “stagnant”.
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