By Giulia Petroni

Nestle reported a 7.8% organic sales growth in the first nine months of the year driven by price increases amid high inflation levels, and backed its full-year outlook.

The Swiss food and beverage giant said sales stood at 68.83 billion Swiss francs ($76.57 billion) in the period from CHF69.13 billion a year earlier, driven by pricing at 8.4%. Real internal growth was minus 0.6%, but the company said the recovery of volume and mix is underway.

A company-compiled consensus estimate had forecast organic sales growth of 8.1%.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

October 19, 2023 01:49 ET (05:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Nestle (PK) (USOTC:NSRGY)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024 Nestle (PK) 차트를 더 보려면 여기를 클릭.
Nestle (PK) (USOTC:NSRGY)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024 Nestle (PK) 차트를 더 보려면 여기를 클릭.