Danone Sales Rise as Yogurt, Water Outweigh Formula Recalls

Danone SA sales increased at the start of the year as consumers’ appetite for protein-rich yogurts and Evian bottled water outweighed the impact of an infant formula recall.

Like-for-like sales rose 2.7% in the first quarter, the producer of Activia yogurt said in a statement Wednesday, in line with the average estimate of analysts in a Bloomberg survey. Volumes increased 1.5% and price by 1.2%, the company said.