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Top related persons:
they're - 1 Morgan Stanley - 1 Mounjaro - 1 Nestle - 1 Remy Cointreau - 1 Beers - 1 Brewer - 1 there's - 1
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Danone - 3 Nestle - 3 Evian - 2 Thomson - 2 Wellness - 1 McKinsey - 1 GLP - 1 Walmart - 1

Search resuls for: "Essential Dairy"


7 mentions found


☆ These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
  + stars: | 2023-11-08 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +5 min
The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. CNBC Pro takes a look at the stocks Morgan Stanley says will be affected by those trends — both positively and negatively. Beneficiaries Morgan Stanley said "functional" foods, waters, skincare and cosmetics, and consumer health should be well positioned. Morgan Stanley upgraded its rating for Danone to "overweight." At risk Alcoholic beverages and soft drinks appear to be among categories most affected by the GLP-1 trend and the focus on wellness, Morgan Stanley said.
Persons: they're, Morgan Stanley, Mounjaro, Nestle, Remy Cointreau, Beers, Brewer, there's, Britvic, CNBC's Michael Bloom Organizations: Wellness, McKinsey, GLP, Walmart, CNBC Pro, Danone, United States —, Nestle, L'Oreal, Beiersdorf, Diageo, Brewer Anheuser, Busch Inbev Locations: Europe, United States, British
☆ French food group Danone raises sales goal as Q3 beats forecasts
  + stars: | 2023-10-26 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
Dairy products of French food group Danone are seen in a supermarket in Nice, France, January 9, 2023. REUTERS/Eric Gaillard/File photo Acquire Licensing RightsPARIS, Oct 26 (Reuters) - French food group Danone (DANO.PA) raised its 2023 revenue growth forecast after its third-quarter sales beat analysts' estimates, as higher prices helped offset lower volumes. Overall, Danone increased its prices by 6.6% during the quarter while sales volume declined 0.3%, a sequential improvement led by Essential Dairy and Plant-based. Danone, like its rivals Nestle (NESN.S) and Unilever (ULVR.L), has increased prices to cope with higher commodities and supply chain costs. Last week, Nestle (NESN.S) posted lower-than-expected nine-month sales growth as higher product prices made shoppers balk.
Persons: Eric Gaillard, Antoine de Saint, Affrique, Dominique Vidalon, Sudip Kar, Gupta, Jacqueline Wong Organizations: Danone, REUTERS, Rights, Evian, Essential Dairy, Nestle, Unilever, Investors, Thomson Locations: Nice, France, Europe
☆ Danone writes down Russia assets, beats on like-for-like sales
  + stars: | 2023-07-26 | by ( Richa Naidu | Thomson Reuters | London-Based Reporter Covering Retail | ) www.reuters.com   time to read: +2 min
This brings the total impairments related to Russia to almost 700 million euros, Danone said. The adjustment on the balance sheet of 500 million euros to reflect the negative currency transaction difference will also be recognized by Dec. 31, it added. Danone also reported a better-than-expected rise in quarterly like-for-like sales, as it increased prices again to make up for rising costs. Like-for-like sales rose 6.4% in the second quarter, beating expectations for 5.6% growth in a company-compiled consensus of 18 analysts. ($1 = 0.9047 euros)Reporting by Richa Naidu; Editing by Edmund Klamann, Muralikumar Anantharaman and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.
Persons: Danone, Richa Naidu, Edmund Klamann, Muralikumar Anantharaman, Conor Humphries Organizations: France's Danone, Danone, Evian, Nestle, Thomson Locations: Russia, Russian, Ukraine
☆ Danone raises 2023 sales outlook after price hikes boost Q1
  + stars: | 2023-04-26 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +1 min
PARIS, April 26 (Reuters) - Danone (DANO.PA) raised its 2023 sales growth outlook after it reported higher-than-expected first-quarter revenue on Wednesday, as the world's largest yoghurt maker was able to raise prices in the face of high raw materials and energy costs. Danone, maker of Activia yoghurt, Evian water and Aptamil infant milk said it expected like-for-like 2023 sales growth of between 4% and 6%, having previously forecast 3-5% growth. Danone said sales rose 10.5% like-for-like to 6.96 billion euros in the first quarter, beating expectations for 7.3% growth in a company-compiled consensus of 18 analysts. Danone, like its rivals Nestle (NESN.S) and Unilever (ULVR.L), has increased prices to cope with surging commodities and supply chain costs but faces a challenge when it comes to the extent of price hikes before even affluent shoppers decide enough is enough. Danone increased its prices by 10.3% during the quarter while sales volume remained positive, up 0.2%.
☆ Danone eyes better margins in 2023, Q4 sales top estimates
  + stars: | 2023-02-22 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
PARIS, Feb 22 (Reuters) - Danone (DANO.PA) like-for-like quarterly sales growth topped estimates on Wednesday on the back of higher prices amid soaring raw materials and energy costs which still weighed down its full-year operating margin. The world's largest yoghurt maker's 2023 forecast was in line with its mid-term like-for-like sales growth target of 3% to 5%, with a moderate improvement in recurring operating margin. The owner of Activia yoghurt and Evian bottled water reported like-for-like sales growth of 7.8% for 2022, near the top end of its 7% to 8% sales growth forecast. Danone reported fourth-quarter sales growth of 7%, beating market expectations of 6.2%, helped by growth across Essential Dairy and Plant-based, Specialised Nutrition and Waters segments. "Building on 2022 momentum, we are entering 2023 with renewed ambition and confidence in our strategy," CEO Antoine de Saint-Affrique said in a statement.
☆ Food group Danone raises 2022 outlook as third-quarter sales beat expectations
  + stars: | 2022-10-27 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
PARIS, Oct 27 (Reuters) - French food group Danone (DANO.PA) on Thursday raised its 2022 revenue growth forecast after its third-quarter sales beat analysts' estimates as the firm was able to raise prices to counter soaring costs. Danone posted a 9.5% rise in third-quarter like-for-like sales to 7.334 billion euros ($7.35 billion), beating analysts' expectations for a 6.9% rise in a poll compiled by the company. This also marked a sequential acceleration from 7.7% sales growth achieved in the second quarter and reflected strength in all the group's businesses, notably in baby food in China and in bottled waters. Price increases contributed 10.9% to third-quarter revenue growth. Rival Unilever Plc (ULVR.L) also on Thursday raised its full-year sales forecast as it lifted prices to counter costs.
☆ Danone to withdraw from Russia with €1 bln write-off
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
French food group Danone logo is seen at the company headquarters in Rueil-Malmaison near Paris, France, February 20, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 14 (Reuters) - French food company Danone (DANO.PA) said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euro ($978 million), the latest costly exit from the country by a global company. "This is the best option to ensure long-term local business continuity", Danone said in a statement, adding the Russian unit accounted for roughly 5% of the group's net sales in the first nine months of the year. Shortly after Russia's invasion of Ukraine in February, Danone had said that all options regarding its local business were on the table. read more($1 = 1.0224 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
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