Danone Posts Strong Third Quarter Sales on Price Hikes
Danone reported better-than-expected organic sales growth for the third quarter as price increases helped offset rising costs. The French consumer goods group maintained its full-year targets despite weakness in its Mizone water brand in China.
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DANONE posted third-quarter sales of €7.233 billion ($8.04 billion) on Wednesday morning, topping analyst forecasts with a 4% rise on a like-for-like basis.
