NSRGY - Nestlé S.A. Q1 sales of CHF21.1B FY 2021 outlook confirmed

Nestlé S.A. (NSRGY): Q1 Revenue of CHF21.09B (+1.3% Y/Y)Organic growth reached 7.7%, with real internal growth of 6.4% and pricing of 1.2%.Growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains.Full-year 2021 outlook confirmed: continued increase in organic sales growth towards a mid single-digit rate. Underlying trading operating profit margin with continued moderate improvement. Underlying earnings per share in constant currency and capital efficiency expected to increase."Our growth was fueled by disciplined execution, enhanced digital capabilities and rapid innovation, resulting in further market share gains. Retail sales saw solid growth and out-of-home channels saw signs of improvement. We confirm our guidance for the year and our mid-term outlook for sustained mid single-digit organic growth," commented Mark Schneider, Nestlé CEO.Press Release

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Nestlé S.A. Q1 sales of CHF21.1B, FY 2021 outlook confirmed