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The Swiss company is selling half of its water business, but restructuring costs weighed on its bottom line over the first half of 2026.
Nestle said on Thursday it expects to raise around €3 billion ($3.43 billion) from spinning off its water business into a 50-50 joint venture with U.S. investment firm Platinum Equity.
The Swiss company agreed with Platinum Equity to create a joint venture and sell a 50% stake in its Waters and Beverages unit.
Nestle on Thursday posted slightly better than expected second-quarter organic sales growth and said it plans to create a joint venture with Platinum Equity for its waters and premium beverages business.
Nestle is looking to spice up some of its products to counter duller taste buds that can accompany GLP-1 weight-loss drugs.
The company is working to keep prices in check, as U.S. consumers fixate on affordability and buyers shift toward bulk or budget pack sizes, passing over middle formats.
EXCLUSIVE: The company's interest in the green, tea-based product comes amid volatility in coffee-bean prices and as it looks to tap younger customers.
Nestlé is maintained at Hold due to a limited margin of safety amid rising macro and competitive risks. Q1 showed solid organic growth in coffee and snacks, with emerging markets outpacing developed regions, but the infant formula recall weighed on results. NSRGY's 2026 guidance is intact: 3–4% organic growth, FCF above CHF 9B, and UTOP margin at or above 17%.
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