NSRGY Nestle SA (PK)

   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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