Core Viewpoint - Nestlé reported better-than-expected sales growth driven by price increases in its candy and coffee products, with a 1.5% rise in real internal growth (RIG) surpassing analyst expectations of 0.3% [1] Group 1: Sales Performance - In Q3, organic sales growth (excluding currency fluctuations and acquisitions) was 4.3%, exceeding analyst expectations of 3.7% [1] - The company maintained its 2025 outlook, indicating that organic sales growth should improve compared to 2024, with an expected basic operating profit margin of 16% or higher [1] Group 2: Management Changes - This announcement marks the first sales report under CEO Philippe Navratil, who succeeded Laurent Freixe following his dismissal due to undisclosed relationships with subordinates [1] - The company has experienced significant management turmoil, with Chairman Paul Bulcke stepping down early and being replaced by former Inditex CEO Pablo Isla [1] Group 3: Cost Management and Restructuring - Due to rising costs, increasing debt levels, and investor pressure, Nestlé is focused on revitalizing stagnant sales growth and halting stock price declines [2] - Navratil emphasized that driving growth through real internal growth is a top priority, with plans to increase cost-saving targets from 2.5 billion Swiss francs to 3 billion Swiss francs (approximately 3.77 billion USD) by the end of 2027 [2] - The company plans to lay off 16,000 employees, representing about 6% of its global workforce of approximately 277,000, with 12,000 white-collar jobs and an additional 4,000 in manufacturing and supply chain improvements [2]