Nestle, Budweiser Pandemic Rebound Is Clouded by Higher Costs

Nestle, Budweiser Pandemic Rebound Is Clouded by Higher Costs

(Bloomberg) -- Nestle SA and Budweiser maker Anheuser-Busch InBev NV became the latest companies to report a rebound in sales clouded by pressure from rising raw material and transport prices that they're struggling to pass on to consumers.

Nestle Chief Executive Officer Mark Schneider reversed his guidance for an improvement in the company's key margin, and now is forecasting a slight decline to about 17.5%. AB InBev said Thursday it faced higher currency and raw materials costs in important markets such as Mexico, Brazil and Colombia, which weighed on profit. Shares of Nestle fell as much as 3.4%, while AB InBev dropped as much as 7.9%

Puma SE declined as much as 4.3% after the German shoemaker warned that factory shutdowns in Vietnam are making it harder to source footwear.