ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BN Danone

59.89
0.16 (0.27%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Danone EU:BN Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.16 0.27% 59.89 59.50 60.20 60.03 59.57 59.89 1,213,072 16:40:00

Danone 3Q Sales Rose, Adjusts 2019 Guidance to Lower Expectations

18/10/2019 7:04am

Dow Jones News


Danone (EU:BN)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Danone Charts.
   By Cristina Roca 
 

Danone SA (BN.FR) said Friday that sales for its third quarter grew at an accelerated pace, but adjusted its guidance to lower expectations for its like-for-like sales growth in 2019.

The French food company said sales came to 6.42 billion euros ($7.13 billion), up from EUR6.19 billion the year previous and better than analysts' consensus expectations of EUR6.37 billion.

On a like-for-like basis, sales rose 3%, Danone said.

Despite its sales growth accelerating compared with the previous quarter, some of the headwinds Danone had flagged during second-quarter reporting didn't ease in the third quarter, management said during a conference call Friday morning. Danone cited tough comparison bases in Europe for its waters business in particular.

Danone widened its guidance of like-for-like sales growth toward the lower end. It now sees like-for-like sales growing 2.5%-3%, compared with previous guidance of 3%. For the first nine months of the year, like-for-like sales grew 2.1%, the maker of Activia and Alpro said.

Danone backed its target of having a recurring operating margin above 15% for 2019.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

October 18, 2019 01:49 ET (05:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Danone Chart

1 Year Danone Chart

1 Month Danone Chart

1 Month Danone Chart

Your Recent History

Delayed Upgrade Clock