Nestlé reported sales of 67.1 billion Swiss francs (~71.63 billion euros) for the first nine months of 2024, a decline of 2.4%, primarily due to exchange rate impacts and net disposals. Purina Petcare contributed to low single-digit organic growth, driven by its premium brands such as Purina Pro Plan, Purina One, and Fancy Feast, with performance varying by region. Overall, organic growth was 2%, though Nestlé faced challenges from declining consumer demand, geopolitical tensions, and customer inventory reductions, particularly in the Americas. Growth was strongest in emerging markets and Europe, while Greater China showed double-digit increases in petcare sales. For 2024, Nestlé expects organic sales growth of around 2% and an operating profit margin of 17%, despite ongoing weak consumer demand.
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