Nestle third quarter organic sales beat forecast, deconsolidates Russian business

By Reuters News

By Alexander Marrow

LONDON, Oct 22 (Reuters) - Nestle NESN.S reported better than expected organic sales growth for the third quarter on Thursday and said it had deconsolidated its Russian business after Moscow seized control of Nestle's Russian assets last month.

Nestle, the maker of Maggi stock cubes and Nescafe coffee, maintained its outlook for 2026 of full-year organic sales in the range of 3% to 4% and recorded a 4% uptick in quarterly organic sales.

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