Danone Revenue Beats Estimates on European Yogurt Improvement
- Fresh-dairy sales rise 0.6% as pricing offsets volume decline
- Chinese demand fuels Europe's double-digit baby-food growth
Danone Confirms 2015 Targets
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Danone, the world’s biggest yogurt maker, reported third-quarter sales that beat analysts’ estimates and predicted the ailing European fresh-dairy business will continue to improve next year.
Revenue gained 4.6 percent on a like-for-like basis, the Paris-based company said in a statement on Monday. Analysts had expected growth of 4.3 percent, according to the median of 17 estimates.