Post #440 by rnam on the Falling Knives board

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Nestle has cut growth forecast a second time this year.

Nestle said it now expects 2024 organic sales growth to be around 2% and an underlying trading operating profit (UTOP) margin of about 17%. In July, it cut its organic sales growth forecast to at least 3% and saw a moderate increase in its UTOP margin from 2023's 17.3%.

https://www.reuters.com/business/retail-consumer/n...

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