Nestle(NSRGY) - 2024 Q2 - Earnings Call Transcript

Overall, gross margin is expected to improve for the full year against 2023. The underlying trading operating profit margin bridge showed a considerable step up in advertising and marketing expenses, which increased by 100 basis points to 8.1% of Group sales. Growth investment is a key focus for each of our Zones, as we have been stepping up support for brand building and new product launches for a number of quarters now. As you can see on the slide, there was a big increase in the second half of 2023, larg ...