Danone infant milk sales to China fuel double-digit growth
Revenue gain at 4.6 per cent exceeds analysts predictions
Danone, the world’s biggest yogurt maker, reported third-quarter sales that beat analysts’ estimates. The growth comes as Chinese consumers order more foreign-made infant formula and the company raised prices on fresh dairy products.
Revenue gained 4.6 per cent on a like-for-like basis, Danone said. Analysts had expected growth of 4.3 per cent, according to the median of 17 estimates. Total sales reached €5.64 billion.
Infant nutrition sales rose a total 11 per cent, ...