Danone CFO Says Inflation Pressures May Worsen Next Year
- Supply-chain issues have been weighing on plant-based business
- Danone’s dairy unit has been facing cardboard shortages
Photographer: Andrey Rudakov/Bloomberg
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Danone SA, the world’s largest yogurt maker, forecast that inflation in milk, packaging and transport costs could worsen next year, leading the company to shift price increases to consumers and seek more cost savings.
The company’s cost inflation will accelerate to 9% in the second half from 7% in the first part of the year, Chief Financial Officer Juergen Esser said on a call with reporters. The stock fell as much as 2.3%.
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Danone CFO Says Inflation Pressures May Worsen Next Year