financetom
Business
financetom
/
Business
/
Nestle sales growth beats forecast with new CEO at helm
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nestle sales growth beats forecast with new CEO at helm
Oct 15, 2025 10:29 PM

(Reuters) -Nestle reported better-than-expected sales growth and volumes on Thursday and maintained its outlook for 2025 as the world's largest packaged food company reported results for the first time since appointing Philipp Navratil as CEO.

Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive over an undisclosed relationship with a direct report.

Nestle has endured an unprecedented period of managerial turmoil, with Chairman Paul Bulcke stepping down early to make way for former Inditex chief Pablo Isla just two weeks after Freixe's dismissal.

The Swiss maker of KitKat chocolate bars, Nespresso coffee and Maggi seasoning has been fighting to reignite stalling sales growth and arrest a 40% share price slide since 2022 as costs have risen and debt levels have climbed amid rising investor pressure.

A 1.5% rise in real internal growth (RIG) - a measure of sales volumes - in the third quarter, well above analysts' expectations of a 0.3% rise, may give Navratil some breathing space as he looks to make his mark on the company following his abrupt promotion to the top job.

Navratil said that driving RIG-led growth was Nestle's top priority and that the company would reduce headcount over the next two years as it tries to change faster.

Nestle has also raised its costs savings target to 3 billion Swiss francs ($3.77 billion) by the end of 2027, he said.

"We are fostering a culture that embraces a performance mindset, that does not accept losing market share, and where winning is rewarded," Navratil said in a statement. "The world is changing, and Nestlé needs to change faster."

($1 = 0.7955 Swiss francs)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pebblebrook Hotel Trust Q2 Adjusted FFO Falls, Revenue Rises
Pebblebrook Hotel Trust Q2 Adjusted FFO Falls, Revenue Rises
Jul 29, 2025
05:58 PM EDT, 07/29/2025 (MT Newswires) -- Pebblebrook Hotel Trust ( PEB ) reported Q2 adjusted funds from operations late Tuesday of $0.65 per diluted share, down from $0.69 a year earlier Analysts polled by FactSet expected $0.59. Revenue in the three months ended June 30 rose to $407.5 million from $397.1 million a year earlier. Analysts expected $399.3 million....
Caesars Entertainment Stock Misses Jackpot With Las Vegas Revenue Decline
Caesars Entertainment Stock Misses Jackpot With Las Vegas Revenue Decline
Jul 29, 2025
Shares of casino company Caesars Entertainment ( CZR ) are trading lower after the company reported second quarter financial results Tuesday after market close. CZR stock is currently down. See real-time price here. Here are the key highlights. Q2 Results: Caesars reported second-quarter revenue of $2.91 billion, up 2.9% year-over-year. The revenue beat a Street consensus estimate of $2.86 billion, according...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Cloudflare Insider Sold Shares Worth $2,997,692, According to a Recent SEC Filing
Cloudflare Insider Sold Shares Worth $2,997,692, According to a Recent SEC Filing
Jul 29, 2025
05:52 PM EDT, 07/29/2025 (MT Newswires) -- Carl Ledbetter, Director, on July 28, 2025, sold 15,000 shares in Cloudflare ( NET ) for $2,997,692. Following the Form 4 filing with the SEC, Ledbetter has control over a total of 1,062,672 Class A common shares of the company, with 19,599 shares held directly and 1,043,073 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1477333/000147733325000131/xslF345X05/wk-form4_1753825537.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved