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Nestle Reports Drop in Sales Amid Strategic Overhaul

Provided by Dow Jones Apr 23, 2026, 5:37:00 AM

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 aimee.look@wsj.com

(END) Dow Jones Newswires

April 23, 2026 01:37 ET (05:37 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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