– Nestlé’s coffee brands saw high single-digit sales growth in the first nine months of 2023, despite overall group sales falling below expectations.
– Positive sales developments were seen across all coffee brands and channels, with Starbucks out-of-home and Nescafé performing well globally.
– Starbucks out-of-home products had strong double-digit growth in North America through the Global Coffee Alliance with Nestlé.
– Robust demand for Starbucks RTD products was seen in Asia and Oceania, particularly in South Korea.
– Nescafé sales led to mid-single-digit revenue growth in Europe, with successful product launches in France, Switzerland, and Brazil.
– Nespresso sales reached CHF 4.6bn ($5.1bn) during the period, with momentum in sales of coffee pod machines.
– Despite the overall group sales falling, Nestlé forecasted full-year sales growth above 7%.