Nestlé has reported its three-month sales for 2023, with Purina PetCare continuing as the largest contributor to organic growth for the company.
Sales of Purina PetCare grew in double digits across all zones including Europe, North America, Latin America, and Greater China fuelled by strong momentum for science-based and premium brands.
In the Asia, Oceania, and Africa zone (AOA), Purina PetCare’s double-digit growth was led by Supercoat, Purina ONE, and Felix.
Coffee saw high single-digit growth, with positive sales developments for Nescafé, Starbucks, and Nespresso. Meanwhile, sales in confectionery grew at a double-digit rate, with strong growth for KitKat and seasonal products.
Total group sales increased by 5.6 per cent to 23.5 billion Swiss francs (AUD $39.7bn) and organic growth reached 9.3 per cent, with broad-based contributions across geographies and categories.
Mark Schneider, Nestlé CEO, said that Nestlé’s strong organic growth in the first quarter was driven by pricing, an improved mix, and continued momentum of out-of-home channels.
“Nestlé delivered strong organic growth in the first quarter, as our teams worked diligently to protect volume and ensure resilient mix. Portfolio optimisation efforts and responsible pricing helped to offset the ongoing pressures from two years of cost inflation.
“We continued our portfolio management journey with the creation of a joint venture dedicated to the frozen pizza business in Europe. The new partnership provides the best platform to develop the full potential of this business.
“Following a strong start to the year, we confirm our full-year 2023 outlook and remain focused on creating value for all stakeholders.”