Pepsi, Nestlé Signal Strong Global Consumer
foods, said on Thursday it had raised prices on more than half its products globally this year. PepsiCo and Nestl are able to hike prices without significantly denting demand.
Nestl, the maker of KitKat chocolates, Gerber baby foods, and other brands, reported that organic sales, which exclude currency fluctuations and portfolio changes from their calculations, increased 9.3% compared to a year ago. VisibleAlpha reported that this was higher than the 7% analysts had expected.