Danone Set to Report Q3 Sales
Danone is set to release its Q3 sales figures, with analysts predicting a decline in volumes but growth in prices. Attention will also be on the EDP business and specialized nutrition and water segments.
Danone, the French yoghurt maker, is scheduled to release its third-quarter sales figures on Thursday. Here's what you should know:
According to a company-compiled consensus, Danone is expected to report sales of €6.90 billion ($7.31 billion) for the quarter, compared to €7.33 billion in the same period last year. Analysts anticipate a like-for-like sales growth of 4.7%.
Analysts predict a 0.6% decline in volumes for the quarter, as per the company-compiled consensus estimates. However, Jefferies analysts note that lower volumes are likely to be balanced out by higher prices. They state, "We anticipate another price-led quarter in Q3, as our scanner data continues to indicate negative volume development in Europe."
Attention will be on the essential dairy and plant-based (EDP) business during the third-quarter results, with analysts expecting an improvement in volumes while remaining in negative territory.
Jefferies analysts note that volumes are expected to be slightly negative in the specialized nutrition and water segments, with declines in Europe and the U.S. offsetting China's growth.