Switzerland's Nestlé maintains 2026 organic growth guidance at 3% to 4%
Overview
Switzerland-based food and beverage giant's Q3 organic growth 4.0%
Nestlé's Russian operations no longer consolidated after external administration in September
Outlook
Nestlé maintains 2026 organic growth guidance at 3% to 4%
Company expects 2026 underlying trading operating profit margin to improve versus 2025
Nestlé forecasts 2026 free cash flow above CHF 9 bln
Result Drivers
EMERGING MARKETS - Co said strong growth in emerging markets drove Q3 organic growth, with OG of 6.8% and RIG of 4.3%
PETCARE MOMENTUM - Co said Petcare sales grew 5.3% in Q3, led by strong cat product performance and matching sell-in to sell-out
WATERS & PREMIUM BEVERAGES - Co said double-digit organic growth in Waters & Premium Beverages was driven by strong demand for international brands and favorable weather in Europe
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Organic Growth | 4% | ||
Q3 Sales | CHF 22,756 million |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 11 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Nestle SA is CHF89.00, about 6.6% above its October 21 closing price of CHF83.47
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)