A pullback from budget-conscious shoppers is hurting Nestle, but the company said there are early signs of progress in reviving sales growth.

Nestle posted a slightly better-than-expected annual sales growth on Thursday, as the world's biggest packaged food company raised prices for its coffees, chocolates and pet food. Nestle maintained its organic sales outlook for 2025 and forecast stronger annual growth from its 2024 levels.

Nestle reported its weakest annual organic sales growth in more than two decades, hit by a pullback in consumer spending after years of high inflation.

The world's largest packaged food company reported better-than-expected annual sales growth but warned of lower profit margins in 2025. View on euronews