Higher costs for commodities, freight and energy are starting to eat into profit at Nestle SA, even as the world’s largest packaged foods company pushes up prices for its Nescafé coffee and KitKat chocolate.
Nestlé and other consumer-goods companies have for much of the past year been grappling with high inflation as the recovery from Covid-19 gains steam. This year, the war in Ukraine has sent energy prices soaring further.