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Nestlé has recorded full-year organic sales growth of 7.5%, driven by retail sales, price increases and market share gains. In its third-quarter results, the Swiss food giant said that it expected full-year organic sales growth of 6-7%. The steady recovery of Nestlé’s out-of-home channels also contributed to helping the company beat its 2021 guidance. Nestlé’s full-year reported sales increased by 3.3% to CHF 87.1 billion ($94.3 billion approx.), compared with last year’s CHF 84.3 billion ($94.1 billion) figure. The company’s net profit grew by 38.2% to CHF 16.9 billion ($18.3 billion). For 2021, Nestlé reported sales of CHF 33.8 billion ($36.6 billion) in the Americas, representing organic growth of 8.5%. The zone saw continued market share gains, led by coffee, pet food, frozen food and ambient culinary. The business witnessed 7.2% organic sales growth in its Zone Europe, Middle East and North Africa to CHF 21.1 billion ($22.8 billion), driven by “continued evolution of the portfolio toward fast-growing categories and channels, as well as innovation”. Sales in Nestlé's Zone Asia, Oceania and sub-Saharan Africa grew by 4.2% on an organic basis. Mark Schneider, Nestlé CEO, said: “In 2021, we remained focused on executing our long-term strategy and stepping up growth investments, while at the same time navigating global supply chain challenges. Our organic growth was strong, with broad-based market share gains, following disciplined execution, rapid innovation and increased digitalisation.” “We limited the impact of exceptional cost inflation through diligent cost management and responsible pricing…The evolution of our portfolio continued, focusing on categories with attractive growth opportunities and differentiated offerings. Recent examples include the acquisition of the core brands of The Bountiful Company and the divestiture of the mainstream water brands in North America.” He continued: “Our sustainability agenda further progressed as we enhance the wellbeing of our consumers, help regenerate the environment and strengthen the farming communities in our supply chains. We continued to create value for our shareholders through disciplined capital allocation, steadily increasing dividends and significant share buybacks.”