Yahoo奇摩新聞 Price rises drive soaring sales at Nestle
STORY: Nestle isn’t suffering from the effects of inflation - quite the reverse.
The giant Swiss food firm on Wednesday (October 19) posted its strongest sales growth in 14 years.
For the nine months to the end of September they hit over $69 billion, beating analyst forecasts.
Most of the increase came from higher pricing, though the volume of goods sold also rose.
The maker of Nescafe coffee and KitKat bars is raising its outlook for the year as a result.
It now expects growth of around 8% for 2022, slightly up on previous targets.
Even so, the cost-of-living crunch has Nestle worried.
Chief executive Mark Schneider called the economic environment “challenging”.
He says customers face a loss of purchasing power due to inflation.
That leaves setting prices as a balancing act for the firm.
It wants to protect its profit margins, but not raise prices so much that consumers stop buying.
Nestle shares were broadly flat in early trades Wednesday following the results.
