NSRGY Nestle SA (PK)

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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