Vevey, Switzerland — October 16, 2025 —Nestlé said it made CHF 65.9 billion in sales in the first nine months of 2025. That’s a bit less than the CHF 67.1 billion it made last year. But the company said things are slowly getting better. Sales from its main business grew by 3.3%, helped by stronger prices and better product mix in many markets.
Gradual Recovery Across Regions
Nestlé’s real growth went up by 0.6%, and prices rose by 2.8%. Europe did the best, with sales up 4.3%. Coffee, pet food, and dairy were the main drivers. Nespresso and Nestlé Waters also did well, both growing by more than 4%.
In the Americas and in Asia, Oceania, and Africa, growth was slower because demand was weak and currencies moved against them. In China, sales stayed low and pulled total growth down by about 0.8 percentage points. Nestlé said a new team is now running the China business to help turn it around.
Investment Impact Visible
The new Fuel for Growth program will now target CHF 3 billion in savings by 2027, up from CHF 2.5 billion.
About 16,000 roles are expected to go worldwide over the next two years. That includes 12,000 white-collar positions, which should save around CHF 1 billion a year once fully in place. Another 4,000 cuts will come from manufacturing and logistics improvements.
Nestlé said it will carry out the process “with respect and transparency” as it simplifies operations and increases automation.
Outlook Ahead
The company expects organic sales growth to edge higher through the rest of 2025, though comparisons will be tougher in the fourth quarter. The underlying trading operating profit margin is expected to stay at or above 16%.
Free cash flow should top CHF 8 billion this year, with stronger recovery forecast from 2026. Despite global cost and demand pressure, Nestlé said it will keep investing in growth, product innovation, and shareholder value.
