Nestlé lowers yearly organic sales growth outlook while coffee and pet food gain ground

25 Jul 2024 — Nestlé has adjusted its organic sales growth outlook for the year from 4% to 3% after pricing came down faster than expected, the company has revealed in its first half-year results for 2024.

While the Swiss multinational also reported organic growth — driven by Europe and emerging markets — of 2.1% with positive real internal growth of 0.1% for the first half of the year and 2.2% for the second quarter, the company outlines that it is important to be cautious in the face of consumers being more cost-conscious.