Danone's search for “competitive, quality growth” pays dividends [Yahoo! Finance]
DANONE S/ADR (DANOY)
NASDAQ:AMEX Investor Relations:
danone.com/en/for-you/investors/investor-center/investor-relations-contacts
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Source: Yahoo! Finance
Despite acknowledging “soft” consumer demand – a facet pointed out by many packaged food companies of late – CFO Juergen Esser reiterated today (24 October) that Danone's strategy is centered on “competitive growth and quality growth”. It paid dividends in the third quarter as group volume-mix quickened to 3.6% from 2.9% in the previous three months and rebounded from minus 0.3% in the corresponding period of 2023. Bar Latin America, where bottled water volumes were impacted by poor weather in Brazil, all other regions delivered positive volume-mix for the third quarter and the year to date. Danone registered positive like-for-like sales growth in all geographical regions and across its three business groups of essential dairy and plant-based products (EDP), specialised nutrition, which includes infant formula, and water. “We want to invest into true category leadership. When you look today at our categories, they are performing extremely well. They are performing better than
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