Nestle (NESN.S) on Thursday said the indirect impact of US tariffs was “unclear” and posted better-than-expected first-quarter organic sales growth, as the world’s biggest packaged food company hiked prices for its Kit-Kat chocolate bars and Nescafe coffee.
The Swiss company maintained its 2025 outlook, saying it still expects organic sales growth to improve and estimates an underlying trading operating profit margin at, or above, 16 per cent.
“This is based
