Nestle 9-Month Sales Rose; Raises Organic Growth Guidance
20 October 2021 - 5:09PM
Dow Jones News
By Giulia Petroni
Nestle SA said Wednesday that sales rose in the first nine
months of the year and raised its full-year guidance for organic
sales growth.
The Swiss food-and-beverage giant reported sales of 63.29
billion Swiss francs ($68.60 billion) in the period, up from
CHF61.91 billion in the previous year. A company-compiled consensus
forecast had the figure at CHF62.93 billion.
Organic sales growth was 7.6%, with real internal growth of 6%,
the company said. Pricing increased to 1.6%, accelerating to 2.1%
in the third quarter.
Nestle said growth was supported by continued momentum in retail
sales, a steady recovery in the out-of-home channels as well as
increased pricing and market-share gains.
Looking at the full year, the company said it now expects
organic sales growth between 6% and 7%, from previous guidance of
between 5% and 6%.
As previously announced, the underlying trading operating profit
margin is expected around 17.5%, while underlying earnings per
share at constant currency and capital efficiency are expected to
increase during the year.
The mid-term outlook for continued moderate margin improvement
remains unchanged.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 20, 2021 01:54 ET (05:54 GMT)
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