Nestle reports 9M sales CHF 65.9B vs. CHF 67.1B last year

The company said, “In the first nine months, total reported sales were CHF 65.9 billion, a decrease of 1.9%. OG was 3.3%, with positive growth across all Zones and globally managed businesses. RIG strengthened to 0.6%, while pricing was steady at 2.8%. Foreign exchange movements had a negative impact of 5.4% and net acquisitions a positive 0.1% impact. In the third quarter, OG was 4.3%, strengthening from 2.9% in the first half. RIG recovered strongly in Q3 to 1.5%, with improvements across all major product categories, benefiting from our growth investments. Pricing was 2.8%, which reflects increases taken in confectionery and coffee, along with some targeted actions in Q3 to optimize pricing and maintain medium-term consumer penetration. By category, coffee and confectionery were the largest organic growth contributors. This growth was pricing-led, with double-digit increases in some markets. Elasticity was more pronounced in confectionery, consistent with historical trends, with coffee more resilient as RIG remains positive through the nine month period. Outside of coffee and confectionery, organic growth was positive across most categories.”