February 2, 2023

Bobbys Brane

Bobbys Brane – Business & Tech Blog

Nestle nudges 2022 sales outlook higher By Reuters

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© Reuters. FILE PHOTO: Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy

ZURICH (Reuters) – Nestle has tweaked its 2022 sales outlook higher, it said ahead of an investor seminar on Tuesday.

“We now expect organic sales growth between 8% and 8.5%. The underlying trading operating profit margin is expected around 17.0%. Underlying earnings per share in constant currency and capital efficiency are expected to increase,” it said after forecasting in October organic sales would rise around 8%.