Author: John Revill
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Nestle sales soar as price rises drive growth
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -Nestle posted its strongest nine-month sales growth in 14 years on Wednesday and raised its full-year guidance as the world’s largest packaged food company lifted prices without losing many customers. The maker of KitKat chocolate bars and Nescafe reported organic sales, which cut out the impact of…
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Logitech counting on hybrid working to boost demand after rare sales downgrade
By John Revill (Reuters) -Logitech cut its 2023 outlook on Tuesday, marking a rare downgrade from the computer mouse and webcam maker, but said it still expects to gain from people buying equipment as they move to hybrid working. The Swiss-U.S. company, which saw strong sales during the pandemic, blamed the downgrade on the Ukraine…
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Computer mouse maker Logitech hit by supply chain problems
By John Revill (Reuters) -Logitech International SA shares plunged 6% on Tuesday after the computer peripherals maker reported a steep fall in operating profit and said it was facing “unprecedented” supply chain problems. The maker of keyboards, mice and headsets became the latest company to warn about the difficulties getting enough semiconductor chips due to…