Nestle third quarter organic sales beat forecast, deconsolidates Russian business

Impact · against what's priced in

The organic sales beat provides a positive offset, but the permanent loss of the Russian business creates a net negative impact through asset write-downs and lost revenue. Overall, the news is a modest headwind as the structural loss of a market outweighs a quarterly organic growth surprise.

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In context

While third quarter organic sales growth beat forecasts, the seizure and deconsolidation of the Russian business represents a permanent loss of revenue and asset value.

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• earnings▲10%
• NESN
• consumer goods
• divestment
• nestle
• organic growth
• russia

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