NSRGY - Nestle Shows Sweet Results In Emerging Markets Plans To Grow Nutritious Segment | Benzinga
Nestle SA (OTCPK: NSRGY) reported a nine-month FY23 revenue decline of 0.4% Y/Y to CHF 68.8 billion (US$76.7 billion), with a negative impact of foreign currency translations of 7.4% and acquisitions of 0.8%.
Organic revenue grew 7.8% Y/Y, with pricing of 8.4% (below the average analyst estimate of 8.6%, per Reuters) and real internal growth (RIG) of -0.6% (in line with street view).
In emerging markets, organic revenue rose 9% Y/Y, led by pricing and a slightly positive RIG.
In Q3, the company inked a deal ...