Nestle Reports Drop in Sales Amid Strategic Overhaul

Published: 2026-04-23 01:48:58 ET NESN.SW

Published on 04/23/2026 at 01:48 am EDT

By Aimee Look

Nestle reported a drop in sales for the first quarter, as its new Chief Executive Philipp Navratil continues to undertake a plan for a sweeping overhaul of the food company's structure.

The maker of KitKat chocolate bars and Nescafe coffee reported 21.32 billion Swiss francs ($27.17 billion) in sales compared with 22.6 billion francs for the same period a year prior. Analysts expected 21.27 billion francs in sales.

On an organic basis, sales grew 3.5% in the first quarter. A company-compiled consensus of analyst expectations had organic sales growth of 2.4%.

Write to Aimee Look at [email protected]

(END) Dow Jones Newswires

04-23-26 0137ET