Nestle S.A (NSRGF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.778 Good morning and welcome to Nestlé's three-month 2026 sales update. 00:00:05.778 -- 00:00:10.843 I'm David Hancock, Head of Investor Relations, and I'm joined today by Philip Navratil, 00:00:10.843 -- 00:00:15.306 CEO, and Anna Manns, CFO. 00:00:15.949 -- 00:00:21.894 Before we get started, please take a moment to review the disclaimer on slide two. 00:00:23.157 -- 00:00:26.701 Let me quickly take you through our short agenda. 00:00:26.701 -- 00:00:31.620 We'll start with an overview of the key messages from Philip before Anna reviews the 00:00:31.620 -- 00:00:34.364 three-month sales in more detail. 00:00:34.364 -- 00:00:38.107 We will then open up the lines for Q&A. 00:00:38.110 -- 00:00:41.134 With that, I'll hand over to Philip. 00:00:41.134 -- 00:00:46.081 Thank you, David. Good morning, and thank you for joining us today. 00:00:46.081 -- 00:00:51.349 We have started the year well. Our performance demonstrates that our rig-led growth 00:00:51.349 -- 00:00:56.360 strategy is delivering in a complex and uncertain environment. 00:00:56.360 -- 00:01:01.066 Before turning to the details, I would like to thank our people around the world for 00:01:01.066 -- 00:01:06.072 their continued dedication and focus, as well as our customers and consumers for their 00:01:06.072 -- 00:01:07.714 trust. 00:01:07.714 -- 00:01:11.218 Let me start with the key messages for the quarter. 00:01:11.218 -- 00:01:16.544 Growth momentum continued with organic growth of 3.5% and RIG 00:01:16.544 -- 00:01:18.607 of 1.2%. 00:01:18.607 -- 00:01:20.809 Our performance is broad-based. 00:01:20.809 -- 00:01:25.857 RIG was positive across all zones and categories except infant formula 00:01:25.857 -- 00:01:29.861 within nutrition, which was impacted by the recall...