Nestle 9-Month Sales Rose; Adjusts 2022 Guidance for Organic Sales Growth
October 19 2022 - 1:11AM
Dow Jones News
By Giulia Petroni
Nestle SA said Wednesday that sales rose in the first nine
months of the year and refined its full-year guidance for organic
sales growth.
The Swiss food-and-beverage giant reported sales of 69.13 Swiss
francs ($69.49 billion) in the period, up from CHF63.29 billion in
the previous year and above a company-compiled consensus that
forecast the figure at CHF68.91 billion.
Organic sales growth was 8.5%, with real internal growth of 1%,
the company said. Pricing increased to 7.5%, reflecting significant
cost inflation.
Looking at the full year, the company now expects organic sales
growth of around 8%. It had previously forecast organic growth of
between 7% and 8%.
Nestle confirmed underlying trading operating profit margin is
seen at around 17%, while underlying earnings per share in constant
currency and capital efficiency are expected to increase.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 19, 2022 01:56 ET (05:56 GMT)
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