France's Danone keeps 2024 goals as Q3 sales beat forecasts
Q3 l-f-l sales up 4.2% vs est. 3.9% growth
Keeps 2024 forecast for 3%-5% l-f-l sales growth
Sales beat driven by stronger-than-expected volumes
Adds CFO comment, analyst comment
By Dominique Vidalon
PARIS, Oct 24 (Reuters) -French food group Danone DANO.PA beat third-quarter sales expectations on Thursday, boosted by higher sales volumes as price hikes slowed, and reflecting strong demand in North America for high-protein products, coffee creamers and waters.
The world's largest yoghurt maker kept its forecast for 2024 like-for-like sales growth of between 3% and 5%, with a moderate improvement in recurring operating margin.
"We feel very confident to deliver within this corridor, even if consumer confidence is a bit soft," Finance Chief Juergen Esser said.
The maker of Activia yoghurt, Evian water and Aptamil infant milk posted a 4.2% rise in third-quarter like-for-like sales to 6.826 billion euros ($7.36 billion), above analysts' expectations for a 3.9% rise in a company-compiled consensus.
Sales volumes rose by 3.6% in the third quarter, compared to a 2.9% increase expected by analysts polled in a company-provided consensus.
The company raised its prices by 0.7% during the period, less than the previous quarter's increase of 1%, and less than 0.9% seen in the consensus.
"Volumes have been a particular focus for the market through Q3, and this bodes well for Danone today," Bernstein analysts said in a note.
Consumer goods companies such as Danone, Nestle NESN.S and Unilever ULVR.L are slowing price hikes after three years of steep increases following the COVID-19 pandemic, as shoppers hit by a cost-of-living crisis turn to cheaper, non-branded options.
Last week Nestle cut its full-year outlook for organic sales growth to about 2%, following weaker than expected nine-month underlying sales growth.
($1=0.9275 euros)
Reporting by Dominique Vidalon, Editing by Lincoln Feast and Clarence Fernandez
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
