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via rte.ieBusiness & Companies

Higher prices lift Danone quarterly sales

FROM THE WIRE · RTE.IE

Danone has reported better-than-expected organic sales growth of 4% for the third quarter, led by price increases to cope with rising costs, while its struggling Mizone water business in China amid adverse weather weighed on volume growth.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishOrganic growth above expectations for a major food group, though volumes were mixed.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Danone reported 4% organic sales growth in the third quarter.
  2. 02Price increases offset rising costs.
  3. 03The Mizone water business in China weighed on volumes amid adverse weather.

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