Danone: Strong Sales Growth Across All Segments; Guidance Reaffirmed

Danone's third-quarter results reflect continued solid performance, with like-for-like, or LFL, sales increasing by 4.2% year over year. Volume/mix was up 3.6%, while pricing contributed 0.7%. Growth was seen across all categories, particularly in North America, where LFL sales grew by 5.8%, driven by strong demand for High Protein, Coffee Creations, and Waters brands. Europe also posted solid results, with further acceleration in volume/mix, particularly in essential dairy and plant-based, or EDP, products. The China, North Asia, and Oceania regions posted an impressive 8.0% LFL growth, led by all categories, especially specialized nutrition.