Nestle Will Lift Coffee Prices, Shrink Bags as Beans Get Pricier [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
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Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift A Bug's Eye View of Mexico City's Modernist Architecture Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service The Nescafe and Nespresso maker will also lean into soluble and capsule coffees, said David Rennie, head of coffee brands, at the company's capital markets day on Tuesday. The commodity represents a lower proportion of the overall price in that segment. “We are not immune to the price of coffee, far from it,” Rennie said. “But we have priced and we will price.” Nestle has had two rounds of price increases since 2022, he said, adding that the company has the advantage of a product portfolio that includes instant coffee and is less dependent on roast and ground coffee than some of its competitors. The company hopes to attract more consumers by offering a range o
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