We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Nestle SA (PK) | USOTC:NSRGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.95 | -0.94% | 99.65 | 99.00 | 102.00 | 100.6399 | 99.42 | 100.29 | 385,001 | 21:59:00 |
By Giulia Petroni
Nestle SA said Thursday that sales rose in the first quarter as the company stepped up pricing against significant cost inflation and backed its full-year outlook.
The Swiss consumer-goods giant reported quarterly sales of 22.24 billion Swiss francs ($23.43 billion), from CHF21.09 billion in the previous-year period. Analysts had forecast sales of CHF21.69 billion, according to a company-compiled consensus.
Quarterly sales grew 7.6% organically, with real internal growth of 2.4% and pricing of 5.2%. RIG, pricing and organic growth figures exclude the Russia region, according to the company.
"Growth was broad-based across most geographies and categories, with increased pricing, continued momentum in retail sales and a further recovery in out-of-home channels," Nestle said.
Over the course of the year, rising cost inflation will require to take further pricing and mitigating actions, Chief Executive Officer Mark Schneider said.
Nestle confirmed it expects organic sales growth of around 5% and underlying trading operating profit margin between 17% and 17.5% in the full year. 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
April 21, 2022 01:55 ET (05:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Nestle (PK) Chart |
1 Month Nestle (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions