Nestlé reported its earnings for the first quarter of 2013. The company recorded an increase in sales of 5.4 percent. Organic growth was up 4.3 percent and real internal growth grew 2.3 percent. The company’s full-year outlook was unchanged; the company’s full-year outlook was between 5 and 6 percent in organic growth.
“The start to the year reflects the caution we expressed in February. We continue to expect some volatility throughout 2013 but reconfirm our expectation to deliver on our commitments for the full year: top line, bottom line and capital efficiency,” Nestlé CEO Paul Bulcke said in a prepared statement. “We are outperforming the market in Europe where consumer sentiment remains low. We are seeing progress in our North American business and we expect to see stronger momentum in key emerging markets. Our global presence, unrivaled category diversity and our proven ability to bring innovative products and services to our consumers allow us to deliver in the short term while at the same time creating the right conditions for continued success over the long term.”
