Nestlé UK boss Paul Grimwood has vowed to keep the company “mindful” of the tough times being experienced by millions of UK shoppers.
The Kit Kat maker today reported a 7.3% increase in sales for the first nine months of the year, to CHF60.9bn (£43bn).
Bernstein analyst Andrew Wood said although sales momentum had slowed in the third quarter, the numbers remained “healthy”.
“For the remainder of the year we will be mindful of what our consumers are going through,” Grimwood said as the figures were unveiled today.
“There is a noticeable change in how shoppers are spending their money. There is more consideration on how and what they buy, as disposable income goes down and cost of living goes up.”
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Nestlé gives CFO job to little-known exec (1 October 2011)