Nestle says it’s raised prices by 10% this quarter

Apr 25, 2023 — Nestle, the Swiss owner of brands including KitKat and Nescafe, said Tuesday that it raised prices by 9.8% in the first quarter. CEO Mark Schneider had said in February the company took a gross margin hit last year despite increasing prices by 8.2% and that further price rises were to come.

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