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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on April 24, 2025

    Featured image for article about Finance

    By Richa Naidu

    LONDON (Reuters) - Nestle on Thursday said the indirect impact of U.S. 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%.

    "This is based on our assessment of the direct impact of current tariffs and our ability to adapt," CEO Laurent Freixe said in a statement. "The indirect impacts – on consumers and customers, as well as currencies and commodity prices – remain unclear at this stage."

    U.S. President Donald Trump has imposed broad tariffs on several countries around the world in recent months, sparking worries that the United States -- one of Nestle's biggest markets -- will be pushed into recession, with commodities and basic utilities becoming more expensive.

    Trump met with major retailers, including Walmart and Target on Monday to discuss the tariffs' impact on their imports.

    "(Big areas) that are impacted are, of course, our water business coming into the U.S., and espresso capsules and some of our ingredients," Nestle's finance chief Anna Manz said on a call with journalists. Nestle has previously said more than 95% of its U.S. sales are manufactured locally.

    Nestle's organic sales growth, which excludes the impact of currency movements and acquisitions, rose 2.8% in the first quarter ending March 31, Nestle said. Analysts had forecast average organic sales growth of 2.5%.

    The company's 2.1% price increases were above the average analyst estimate of 1.8%. Real internal growth - or sales volumes - rose 0.7% versus expectations of a 0.8% increase.

    Total reported sales increased by 2.3% to 22.6 billion Swiss francs ($27.28 billion), slightly ahead of analyst expectations of 22.5 billion francs.

    ($1 = 0.8284 Swiss francs)

    (Reporting by Richa Naidu; Editing by Christian Schmollinger, Rachna Uppal, Kim Coghill and Michael Perry)

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