Nestlé projects slower sales growth

Nestlé forecast the slowest full-year sales growth in more than a decade as food companies worldwide struggle against consumer resistance to price increases.

Revenue will gain about 3.5% on an organic basis in 2016, the Swiss company has said, abandoning a goal for an increase of about 4.2%.

Growth in the consumer-goods industry is “relatively fragile,” CFO Francois-Xavier Roger said.