NSRGY - Nestle boosts organic sales forecast

Nestle SA (NSRGY) reports 3.5% organic sales for the first nine months of the year, with volume up 3.3% and pricing adding 0.2%. Organic sales rose 5.1% in the Americas segment to help offset flat growth in the Asia, Oceania and sub-Saharan Africa segment. The company expects full-year organic sales growth of around 3% vs. +2% to +3% prior forecast and underlying profit margin to improve. Underlying earnings per share in constant currency and capital efficiency are also expected to increase. CEO update: "Strong organic growth was broad based and supported by sustained momentum in the Americas, Purina PetCare and Nestlé Health Science, as well as the acceleration of our coffee business in the third quarter. We continue to develop our portfolio with speed and discipline. As an example, we are transforming Nestlé Health Science into a nutrition and health powerhouse through a combination of strong organic growth and targeted

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Nestle boosts organic sales forecast