Nestle Beats Sales Forecasts After Russian Unit Seizure
Nestle reported stronger than expected third quarter organic sales growth of four percent. The company excluded its Russian business from accounts following a state seizure.
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Nestle SA-REG reported a 4% rise in third-quarter organic sales on Thursday, beating analyst forecasts of 3.4%. The maker of Nescafe coffee maintained its full-year 2026 organic sales growth outlook at 3% to 4%. The strong performance comes as the Swiss conglomerate deconsolidates its seized Russian business.
