Source: CNBC
“Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures. CEO Laurent Freixe said that he was ‘satisfied’ with broad price hikes implemented in the first half of the year, but said that company was still considering whether further action would be needed. … Chief Financial Officer Anna Manz said the company had faced headwinds in the first half from currency fluctuations, driven by a stronger Swiss franc, and minimal early impacts from U.S. tariffs. However, she said she expected those headwinds to worsen in the second half.” (07/24/25)