Plus   Neg

Danone Q1 LFL Sales Growth At 0.8%; Affirms 2019 Guidance - Quick Facts

Danone (DANOY.PK) reported first-quarter consolidated sales of 6.14 billion euros, up 0.8% on a like-for-like basis with a 2.2% decline in volume. Excluding Morocco, sales were up 1.5% on a like-for-like basis with volumes down 1.0%. Overall, reported sales were up 0.9% including currency impact of 0.2%.

Emmanuel Faber, CEO, stated: "The first quarter showed a start of the year in line with expectations and further progress in our transformation journey. The momentum of the business will become increasingly visible from the second quarter. This gives us every confidence that we will meet our full-year guidance."

For 2019, Danone said it is targeting like-for-like sales growth around 3% and recurring operating margin above 15%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
SiriusXM launched a new subscription package exclusively for college students at a steep discount, just ahead of the fall semester. The satellite-radio giant introduced the "Student Premier" Package that provides students with all the content in SiriusXM's "Premier Streaming" package for $4 per month. This is a 69 percent discount from the regular price of $12.99 per month for Premier Streaming. Apple Inc. warned that its newly launched titanium Apple Card can be easily damaged if not stored properly. The company advised that the card must be kept away from fabrics like leather and denim as they can cause permanent discoloration. The tech giant has posted a support page that provides instructions to users on how to protect and maintain their Apple Card. Southwire Co. LLC recalled about 3000 units of Garvin pop-up electrical outlet floor box kits for concerns of fire hazard. The company said the electrical receptacles can overheat when in use. Southwire already received three reports of the floor boxes overheating. However, there have been no injuries reported so far.
Follow RTT