Nestle's Third Quarter Organic Sales Beat Forecast
- On Thursday, Nestle reported 4% organic growth for the third quarter, maintaining its full-year 2026 organic sales outlook between 3% and 4% despite global economic challenges.
- Following Moscow's seizure of assets last month, Nestle deconsolidated its Russian operations. Nestle CFO Anna Manz said the move has "no impact" on sales performance, though it will negatively affect net debt by approximately 900 million Swiss francs .
- Driven by volume momentum, real internal growth expanded 2.8% during the quarter, exceeding expectations. E-commerce sales surged 15.3%, reaching 21.6% of year-to-date group sales, while Petcare delivered 5.3% organic growth.
- CEO Philipp Navratil announced an agreement in September to divest the mainstream vitamins, minerals and supplements business for $1bn. The divestment sharpens focus on higher-growth and higher-margin opportunities.
- Led by India's 20% organic growth, emerging markets outperformed developed regions with 6.8% growth, signaling broad-based momentum. The company expects its underlying trading operating profit margin to improve year-on-year, providing flexibility for continued investment.
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37 Articles
The Swiss food group Nestlé benefited from ‘strong growth’ in emerging markets over the past quarter. The company behind brands including Nescafé, KitKat, and San Pellegrino saw sales increase sharply, particularly in countries such as India, Japan, and Malaysia.
Nestlé reported stronger-than-expected third-quarter sales on Thursday. The growth of one of the world's largest food companies was supported primarily by demand for pet food and confectionery, while the company also made an important announcement regarding its operations in Russia.
Since the end of September, the Swiss Nestle has deconsolated Russian assets because they were handed over to the Provisional Authority and reported to the group in a nine-month report.
The Vaudian food giant accelerated its growth in the third quarter, driven by an increase in volumes in all its regions. Its activities in Russia, placed under external administration, are no longer consolidatedNestlé is gaining in dynamism. The Vaudian multinational recorded a turnover of 22.8 billion francs in the third quarter of 2026. Organic sales growth was at 4%, driven mainly by volumes, up 2.8%, compared with 1.1% for the price effect. …
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