Danone Revenue Growth Beats Estimates on Baby Nutrition
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Danone, the owner of Evian bottled water and Activia yogurt, reported second-quarter sales growth that beat estimates as the company sold more baby-nutrition products in China and dairy sales rose more than forecast.
Like-for-like revenue gained 6.5 percent from a year earlier, the Paris-based company said in a statement today. The median of 11 analysts’ estimates compiled by Bloomberg was 5.7 percent. Total sales increased 6.7 percent to 5.72 billion euros ($7.6 billion). Volume jumped 4.1 percent, the strongest gain in the past eight quarters, the company said.