Danone’s Sales Beat Masks Weak Volume Growth as Pricing Does the Heavy Lifting

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‼️ 🇫🇷 BREAKING: Danone reported third-quarter organic sales growth of 4.0%, beating the 3.7% consensus as stronger pricing offset weaker volume/mix. Pricing rose 3.6% versus 2.7% expected, while volume/mix grew just 0.4%, missing the 1.1% forecast. Specialized Nutrition sales increased 4.7%, above the 4.1% estimate, despite growth in China slowing to mid-single digits.
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