Danone 1Q Sales Fell; Confirms 2021 Guidance
By Olivia Bugault
Danone SA said Tuesday that first-quarter sales fell, dragged by
the coronavirus pandemic that is still affecting its activities,
while confirming its guidance for the full year.
The French food company reported sales of 5.66 billion euros
($6.81 billion) compared with EUR6.24 billion for the previous year
period. Sales dropped 9.4% on a reported basis and 3.3% on a
An analysts' consensus provided by Danone had sales at EUR5.59
"We continue to expect a return to like-for-like sales growth in
the second quarter, and to profitable growth in the second half of
2021," Danone's interim co-Chief Executives Veronique
Penchienati-Bosetta and Shane Grant said.
Danone's waters division registered a decline in net sales of
11.6% on a like-for-like basis during the quarter, while sales at
its essential diary and plant-based business grew 1.6%. Specialized
nutrition reported a 7.7% decline in sales on a like-for-like
Write to Olivia Bugault at email@example.com
(END) Dow Jones Newswires
April 20, 2021 01:51 ET (05:51 GMT)
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