Nestle 1Q Sales Rose; Confirms 2021 View
April 22 2021 - 1:56AM
Dow Jones News
By Joshua Kirby
Nestle SA said Thursday that sales rose in its first quarter,
supported by most regions.
Sales at the Swiss consumer-goods giant rose 7.7% at constant
currency to 21.1 billion Swiss francs ($23.01 billion) in the
quarter, from CHF20.81 billion previously. The growth comprised
real internal growth of 6.4% and pricing of 1.2%, Nestle said.
Analysts had seen revenue for the three months at CHF20.16
billion, according to a company-compiled average.
The company confirmed its full-year outlook, including organic
sales growth in the mid single digits and moderate improvement in
the operating margin.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
April 22, 2021 01:41 ET (05:41 GMT)
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