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Daily Sound Bite: Nestle CFO Sees Difficulty Maintaining Growth

Today Nestle SA posted its first half profits, up 3.7 percent, but the company warned it foresees difficulty in meeting projected sales targets for the rest of the year. The company's prices have been adjusted downward as it meets demands of value-seeking consumers.

Today Nestle SA posted its first half profits, up 3.7 percent, but the company warned it foresees difficulty in meeting projected sales targets for the rest of the year. The company's prices have been adjusted downward as it meets demands of value-seeking consumers. CFO Wan Ling Martello said regarding meeting sales targest,

"It's not going to be easy. It's going to be a stretch."

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