Nestle Q3 2026: Coffee Sales Reach CHF 18.281 Billion, Nespresso CHF 4.7 Billion

On October 22, Nestlé released its 2026 third-quarter and first-nine-months results: against a backdrop of global coffee commodity prices falling from highs and the group replacing price hikes with “volume-driven growth,” the coffee business became the group’s second-best-performing category (behind only water and premium beverages). Coffee sales in the first nine months reached CHF 18.281 billion, up 6.1% year-on-year; its Nespresso brand posted CHF 4.7 billion in the first nine months. At the same time, Nestlé announced it would cease consolidating the business temporarily taken over by Russian authorities into its financial statements from late September.

At the group level, Q3 sales were CHF 22.8 billion (CHF 21.6 billion a year earlier), with organic growth (OG) of 4.0%, above analyst expectations of 3.4%; real internal growth (RIG, mainly reflecting volume and product mix) was 2.8%. Group sales in the first nine months held steady at CHF 65.9 billion.

By product category, Q3 growth was led by pet care and food snacks; the coffee business posted 3.4% organic growth in Q3, with pricing contributing 2.0% (continuing to slow) and RIG 1.3%, growth across all regions driven by Nescafé and Starbucks. The creamers business rebounded on improved RIG for Coffee-mate; Starbucks and Natural Bliss contributed significantly; the U.S. coffee RIG has gradually recovered from the impact of early-year price hikes.

On the Russia business, Nestlé CFO Anna Manz said the business accounts for about 2% of group sales, and the divestiture “has no impact on organic sales, volume, or pricing,” but will affect reported sales, underlying trading operating profit, and free cash flow from Q4 onward; derecognition of net assets will increase 2026 net debt by about CHF 0.9 billion.

Regional performance: emerging markets lead

By region, the Americas zone coffee (19% of zone sales) posted low-single-digit organic growth, driven by pricing with improving U.S. RIG. Asia, Oceania & Africa (AOA, coffee 25%) posted high-single-digit growth, driven by RIG, with strong Nescafé performance across channels and double-digit out-of-home (OOH) growth; the cold-coffee momentum continued, with ready-to-drink (RTD) expansion, accelerated liquid concentrates, and instant iced-coffee products jointly driving growth. Europe zone (coffee 27%) posted low-single-digit growth with slowing pricing amid competition.

Nespresso: capsule volume up, Europe under pressure

Nespresso posted 3.7% organic growth in the first nine months (RIG 1.5%, pricing 2.2%), with reported sales of CHF 4.7 billion (negative currency impact 3.0%). Q3 organic growth was 2.5%, RIG 1.1%, pricing 1.4%, with pricing continuing to slow from the prior quarter.

By region, North America led with mid-single-digit (U.S.) and high-single-digit (Canada) growth, while Europe and AOA were flat. By system, Vertuo remained the core growth engine, achieving high-single-digit organic growth and RIG, thanks to the Vertuo World campaign with Dua Lipa and the successful launch of the new Vertuo Up machine; OOH channels posted mid-single-digit growth across regions. North America and AOA kept gaining market share, while Europe came under pressure from intensifying competition. During the quarter Nespresso renewed its B Corp certification under B Lab’s new standards.

Full-year guidance unchanged

Nestlé confirmed its 2026 full-year guidance: organic growth of 3%–4%, with RIG accelerating versus 2025; underlying trading operating profit (UTOP) margin improving year-on-year, with second-half margin roughly in line with the first half (excluding tariff rebates); free cash flow expected above CHF 9 billion. (Exchange rate reference: CHF 1 = USD 1.21203)

Compiled from Comunicaffe, based on Nestlé’s Q3 2026 earnings release on October 22.

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