Nestle 1st Half Profit Rose, Raises 2021 Sales Growth Guidance
July 29 2021 - 2:07AM
Dow Jones News
By Giulia Petroni
Nestle SA said Thursday that net profit rose in the first half
and raised its full-year organic sales growth guidance.
The Swiss food and beverage giant said net profit for the period
was 5.9 billion Swiss francs ($6.48 billion), up 1.1% compared with
the year-earlier period.
Sales came in at CHF41.76 billion, up from CHF41.15 billion.
Real internal growth for the period was 6.8%, while organic growth
reached 8.1%.
"Organic growth was strong across most geographies and
categories, with robust momentum in retail sales and a return to
growth in out-of-home channels," Chief Executive Officer Mark
Schneider.
Nestle said it now expects full-year organic sales growth
between 5% and 6%. The underlying trading operating profit margin
is expected around 17.5%, reflecting time delays between input cost
inflation and pricing, as well as integration costs related to the
acquisition of The Bountiful Company's core brands.
The company said it expects underlying earnings per share at
constant currency and capital efficiency to increase this year,
while the mid-term outlook for continued moderate margin
improvement remains unchanged.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 29, 2021 01:52 ET (05:52 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Apr 2023 to Apr 2024