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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.08 | -1.02% | 104.79 | 104.76 | 104.79 | 105.32 | 104.57 | 105.25 | 713,353 | 20:22:37 |
From May 2022 to May 2024
By Giulia Petroni
Nestle SA on Tuesday reported a rise in sales volumes in the first quarter of the year as the company stepped up pricing against significant cost inflation.
The Swiss consumer-goods giant reported quarterly sales of 23.47 billion Swiss francs ($26.45 billion), from CHF 22.24 billion in the previous-year period. Analysts had forecast sales of CHF23.27 billion, according to a company-compiled consensus.
Quarterly sales grew 9.3% organically, with pricing of 9.8% and real internal growth of minus 0.5% impacted by capacity constraints and portfolio optimization actions.
Growth was broad-based across most geographies and categories, the company said. By product category, Purina PetCare was the largest contributor to organic growth.
Nestle backed its full-year outlook.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 25, 2023 01:44 ET (05:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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