Danone Raises Sales Forecast as Consumers Accept Price Hikes
- Price increases come as yogurt maker seeks to offset costs
- New CEO is planning a turnaround after recent underperformance
Danone has been pushing up prices as it seeks to offset its own climbing costs.
Photographer: Benjamin Girette/BloombergThis article is for subscribers only.
Danone SA lifted its full-year sales forecast amid strong demand for baby formula and bottled water even after the company increased prices.
The maker of Activia yogurts and Evian packaged water said Wednesday that full-year comparable sales growth is expected to be 5% to 6%, up from its previous guidance of 3% to 5%.