Millions of chocolate lovers warned cost of iconic bar could SOAR as Nestle admits ‘challenges’ lie ahead

Millions of chocolate lovers warned cost of iconic bar could SOAR as Nestle admits ‘challenges’ lie ahead
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Millions of chocolate lovers warned cost of iconic bar could SOAR as Nestle admits ‘challenges’ lie ahead
Author: Jamie Phillips
Published: Feb, 13 2025 17:01

Summary at a Glance

The company's CEO Laurent Freixe said: "It is clear that when it comes to coffee and chocolate as input costs further increase, you should see some pricing, but it is the same story, we will try first to mitigate… the impact of input costs and price right.".

Nestle has blamed a rise in costs for both cocoa and coffee as it today warned of having to pass on the increase to shoppers.

But a rise in input costs is likely to leave the Swiss food giant having to pass on the increase onto supermarket shelves.

But customers have been reacting to the price hikes by turning to cheaper products as Nestle raised prices to cope with inflation.

Nestle has also hiked the price of its Purina dog food to offset inflation.

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