Danone Surprises Market With Healthy First Quarter Financials

April 21, 2020: 12:00 AM EST

Danone posted first quarter like-for-like net sales growth ahead of expectations at 3.7 percent to $6.8 billion, as consumers stockpile and increase their at-home consumption. The company withdrew its full-year financial guidance for 2020 owing to the lack of visibility caused by the coronavirus pandemic. The Waters business reported a drop in net sales of 6.8 percent on a like-for-like basic due to closures in food service. About 40 percent of the division’s sales are normally consumed away from home. Its Essential Dairy & Plant-Based (EDP) unit recorded strong performance by its plant-based brands, Alpro in Europe and Silk in North America, and its top essential dairy brands such as Actimel, Danone and Danette in Europe, and Horizon and Two Good in the U.S.[Image Credit: © Danone S.A.]

Emma Upshall, "Danone records stronger than expected first quarter results", FoodBev Media , April 21, 2020, © FoodBev Media Ltd

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Danone Surprises Market With Healthy First Quarter Financials

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