Nestlé’s total sales have increased by 9.2 per cent in the year to date, driven by strong performances from premium pet food brands Purina Pro Plan, Purina One, and Fancy Feast.
Total sales increased to AUD $108.4 billion and organic growth reached 8.5 per cent in the first nine months of 2022, with Mark Schneider, CEO of Nestlé, stating the strong organic growth was delivered as they continued to adjust prices to responsibly reflect inflation.
“The challenging economic environment is a concern for many people and is impacting their purchasing power. That’s why we aim to keep products affordable and accessible while considering the interests of all our stakeholders.”
While revealing that Purina PetCare was the largest contributor to organic growth, the company did not release numbers for its pet division but stated there is continued momentum for science-based and premium brands as well as veterinary products.
In Zone Asia, Oceania, and Africa (AOA) total organic growth reached 8.1 per cent, with Purina PetCare recording high single-digit growth and continued momentum for Purina One, Purina Pro Plan, and Fancy Feast.
“Our real internal growth remained resilient despite a high base of comparison and continued supply chain constraints, with limited demand elasticity. At the same time, we continue to invest in R&D, marketing and sustainability initiatives, as demonstrated by the recent launch of our Nescafé Plan 2030.
“We remain confident in the strength of our brands, operational execution and underlying category dynamics which position us well for future growth,” said Schneider.