Vevey, Switzerland — Nestle S.A.’s first-quarter sales were up 5.4 percent to $23.52 billon from the same quarter in 2012 — below the company’s expected numbers — while confectionery sales saw a 5.8 percent increase in organic growth with sales of $2.7 billion.
“The start to the year reflects the caution we expressed in February and we continue to expect some volatility throughout 2013 but reconfirm our expectation to deliver our commitments for the full year,” CEO Paul Bulcke says.
Overall organic growth was up 4.3 percent, with all three of the company’s geographic sectors — the Americas; Europe; and Asia, Oceania and Africa — contributing to the increase.
Nestle’s American business saw a 5.3 percent increase in organic growth, with sales totaling $7.1 billion, up from $6.9 billion in the first quarter of 2012. The company notes chocolate was a postitive contributor to its growth in North America.