PARIS, Oct 26 (Reuters): French food group Danone raised its 2023 revenue growth forecast after its third-quarter sales beat analysts' estimates, as higher prices helped offset lower volumes.
The consumer goods giant, whose brands include Evian and Badoit water and Activia yoghurt, said it now expected like-for-like sales growth to reach 6 per cent-7 per cent this year compared with a previous forecast of 4-6 per cent.
"We continue to view our future with confidence, despite a challenging environment," Chief Executive Antoine de Saint-Affrique said in a statement.
THe world's largest yoghurt maker kept its guidance for a moderate improvement in recurring operating margin this year from 12.2 per cent last year.
French food group Danone raises sales goal as Q3 beats forecasts
FE Team | Published: October 26, 2023 23:50:15
French food group Danone raises sales goal as Q3 beats forecasts
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