Danone posted first-quarter sales growth of 2.7%, slightly above expectations, but growth slowed sharply from the previous quarter. The company said a Europe-wide baby formula recall and the Middle East conflict weighed on specialised nutrition sales. The update is mildly negative due to the slowdown and near-term operational headwinds.
Danone posted first-quarter sales growth of 2.7%, slightly above expectations, but growth slowed sharply from the previous quarter. The company said a Europe-wide baby formula recall and the Middle East conflict weighed on specialised nutrition sales. The update is mildly negative due to the slowdown and near-term operational headwinds.
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mildly negative
Sentiment Score
-0.25
