Vevey: Nestle has announced better-than-expected sales growth for the third quarter of 2025, marking a positive start for new CEO Philipp Navratil. The Swiss food and beverage giant saw a 1.5% rise in real internal growth, a key measure of sales volumes, surpassing analysts' expectation of just 0.3%. This growth was largely driven by strategic price increases in coffee and confectionery products like KitKat and Nespresso.
Navratil, who previously headed Nespresso, took over the CEO role after the dismissal of former CEO Laurent Freixe in September. The company has recently undergone significant leadership changes, with Chairman Paul Bulcke stepping down to be succeeded by former Inditex chief Pablo Isla.
Facing intense pressures from rising costs and a significant share price decline s