Nestle, Unilever Signal More Pricing Pain to Come for Consumers
Takeaways NEW
Unilever Plc and Nestle SA posted better-than-expected sales in the first quarter after pushing up prices to counter surging commodity costs.
Both companies, which lost market share due to inflation during the pandemic, said customers will have to take some of the pain as a global trade war and surging commodity prices lift their costs again.