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.
“Will we need a bit more [pricing action]?” Freixe said on an earnings call in response to a question on pricing action.
“We might need a little bit more, but most of it is already done and will be seen reflected in the next quarters.”
