The Strategist

Nestle sales add 9% in three quarters

10/19/2022 - 09:54

One of the biggest producers of food and beverages in the world, Nestle SA, of Switzerland, reported that its sales increased by 9% to 69.132 billion Swiss francs (about $69.4 billion) in the first three quarters of this year compared to the same period in 2016.

Growth in organic sales was 8.5%.

While this was happening, sales in North America increased 11% to 19 billion Swiss francs ($19 billion). The increase in organic sales was 11.2%. 14.3 billion Swiss francs worth of sales were made in Europe, an increase of 1.7% from the previous year. Growth in organic sales was 7.1%.

Total sales in the AOA (Oceania, Asia, and Sub-Saharan Africa) region increased 4% to 13.9 billion Swiss francs ($13.9 billion), with 8.1 percent organic growth.

Nestle anticipates organic sales growth of roughly 8% for the entire year.