Nestle lifts third-quarter sales on petcare and food growth in Americas
Nestle reported third-quarter sales of CHF 22.76 billion and 4.0% organic growth, both ahead of analyst expectations, according to Dow Jones Newswires.
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what happened
Nestle reported higher sales for the third quarter, helped by a recovery in its petcare and snacking businesses in the Americas, Dow Jones Newswires reported.
The Swiss packaged-food group, whose brands include KitKat and Nescafe, posted third-quarter sales of CHF 22.76 billion, or $27.61 billion. Organic sales rose 4.0% year on year, beating the 3.4% forecast compiled by analysts. Total sales also topped the expected CHF 22.49 billion.
In the Americas, the company said petcare, food and snacking each delivered mid-single-digit organic growth. Nestle also said its Russian business is no longer consolidated after the Russian government seized its operations there.
why it matters
Organic growth above expectations supports sentiment toward Nestle and the wider food sector. Deconsolidating the Russian operations changes reported figures but does not alter the underlying sales momentum.
market impact
Nestle and consumer staples: growth above forecasts supports the company's valuation
tags
instruments
sources
- Nestle Sales Rise With Petcare, Food Growth in Americas — Dow Jones Newswires, 22 October 2026 at 05:24 UTC
- Nestle Sales Rise With Petcare, Food Growth in Americas — Dow Jones Newswires, 22 October 2026 at 05:39 UTC
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