![]() Pricing was 9.5%, reflecting the impact of cost inflation over the last two years. Combined with ongoing portfolio management and optimization as well as the continued implementation of our sustainability initiatives, we are well-positioned to grow and to generate value for our stakeholders." Out-of-home channels continue to see strong growth momentum.įor the remainder of the year, we are confident that we will deliver a positive combination of volume and mix, an improvement in gross margin and a significant increase in marketing investments. At-home consumption post-COVID has now normalized, removing a growth drag on some of our categories. Based on the strong performance in the first half of the year we upgrade our organic sales growth outlook for 2023. Mark Schneider, Nestlé CEO, commented: "We pursued our strategic priorities with discipline and focus in a fast-evolving consumer environment. Underlying earnings per share in constant currency is expected to increase between 6% and 10%. The underlying trading operating profit margin is expected to be between 17.0% and 17.5%.
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