Danone exceeds analysts' expectations with 1st quarter figures for 2023 💥
French food company Danone yesterday published its quarterly figures. The company's sales in the first quarter of the year, compared to the same period last year, increased by 11.6% to 6.96 billion euros, which was well above analysts' expectations. The growth came mainly from higher sales prices. Danone's management raised its guidance for expected full-year comparable sales growth to 4% to 6%, up from its previous forecast of 3% to 5%.
In Europe, volumes sold continued to decline, but less sharply than in the previous quarter. There was noticeable volume growth in China, North Asia and Oceania, although price increases were also lowest there. Overall, sales volumes in the Group as a whole grew by 0.2%, which was nevertheless above analysts' expectations.
What do you guys think? How will $BN (-0.53%) develop in the coming quarters? Will Danone succeed in maintaining the growth?
Source: https://www.danone.com/investor-relations.html
