Global food giant Nestle, which makes everything from Purina pet food to KitKat candy bars and Gerber baby food, reported higher sales in the first half of the year, even as it increased prices by 6.5% as inflation soared around the world.
The Swiss company said Thursday that total reported sales grew by 9.2%, to 45.6 billion Swiss francs ($47.53 billion), compared with the same period last year. Net profit, however, decreased by 11.7%, to 5.2 billion Swiss francs ($5.42 billion), because of one-time expenses such as taxes, according to Nestle.
