ECB May Stop Rate Hikes After December, Capital Economics Says 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Trump to Ease U.S. Fuel-Economy Standards 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Add as a preferred source on Google
Danone's Q3 Sales Performance
French food giant Danone exceeded third-quarter sales expectations on Thursday, reporting a notable increase in sales volumes as price hikes began to stabilize. The company experienced robust demand in North America for its high-protein products, coffee creamers, and bottled water.
Strong Sales Figures
Danone, known for its brands like Activia yogurt, Evian water, and Aptamil infant milk, achieved a 4.2% rise in third-quarter like-for-like sales, reaching €6.826 billion ($7.36 billion). This figure surpassed analysts' expectations of a 3.9% increase according to a consensus compiled by the company.
Outlook for 2024
Looking ahead, Danone maintains its forecast for 2024, anticipating like-for-like sales growth between 3% and 5%. The company also expects a moderate improvement in its recurring operating margin, highlighting its commitment to operational efficiency amidst changing market conditions.
As the world's largest yogurt producer, Danone's performance underscores its resilience and adaptability in a competitive food landscape, driven by consumer preferences shifting towards healthier options.
