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International Business Times
International Business Times
Business

Nestle Sales Beat Forecast After Price Hikes

Nestle Laurent Freixe Nescafe Inflation
Nestle CEO Laurent Freixe expects the food group to move 'in the right direction' (Credit: AFP)

Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation.

Shares in the group, whose myriad products also include Maggi bouillon cubes, Gerber baby food and Nesquik chocolate-flavoured drink, soared almost six percent in Zurich after its published its 2024 results.

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