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Evening Standard
Evening Standard
Business
Holly Williams

Nestlé cuts profit outlook for 2024 amid sales slump

KitKat maker Nestle has cut its sales outlook once again despite efforts to slow price rises to help woo back cost-conscious consumers.

The Swiss group, which makes a raft of well-known household brands also including Nescafe coffee and Cheerios, reported a weaker-than-expected 2% rise in underlying sales for the nine months of 2024 so far.

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