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Nestle settles for modest sales growth target after Q1 slowdown

Nestle settles for modest sales growth target after Q1 slowdown

Thursday, April 20, 2017, 1:35 PM

Swiss food giant Nestle maintained its modest 2-4% growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever, after growth in the first quarter was hit by weak consumer demand for packaged foods in North America and weaker prices in western Europe. Volume growth at Nestle decelerated to 1.3%, from 3% a year ago.
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