Nestlé Shocks Investors: 8% Stock Rally After Blowout Q3 and 16,000 Jobs on the Line
Key Facts: Nestlé’s stock jumped about 8% on Oct. 16 – its steepest one-day gain since 2008swissinfo.chts2.tech. That followed a surprise 4.3% rise in Q3 organic sales (versus ~3.7% expected)reuters.com, with its volume metric (real internal growth) at +1.5% (far above the +0.3% forecast)reuters.com. New CEO Philipp Navratil announced a costly “turnaround” plan: 16,000 job cuts (roughly 6% of the global workforce) over two yearsswissinfo.chtheguardian.com and an increased cost-savings goal of CHF 3.0 billion by 2027swissinfo.chtheguardian.com. Navratil said “the world is changing, and Nestlé needs to change faster,” warning that “hard but necessary” job cuts are comingswissinfo.ch. Analysts cheered the