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Despite Some Blips, Danone Says It’s On Track For Solid Growth In 2019

April 17, 2019: 12:00 AM EST
Despite a couple of disturbing first-quarter setbacks, yogurt giant Danone is sticking to forecasts that call for accelerated sales in the second quarter and three percent like-for-like sales growth for the year. The company faced a consumer boycott in Morocco early in 2018 over its strategy of raising prices to counter falling sales; sales of infant formula in China drooped compared with last year. First-quarter sales rose a modest 0.8 percent to $6.9 billion, compared to 2.4 percent growth in the fourth quarter of 2018. Nevertheless, the company says it is still on track to achieve three percent like-for-like sales growth for the full year. The major operating divisions – Essential Dairy & Plant-based (EDP), Specialized Nutrition, and Waters – recorded like-for-like sales growth in the quarter. The Waters division grew 3.9 percent, thanks in part to the increased distribution of Evian waters in the U.S.
Martin White, "Danone maintains full-year profit targets following modest Q1", FoodBev Media , April 17, 2019, © FoodBev Media Ltd
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