Danone SA

OTCQX International Premier:DANOYUnited States

Apr 18, 2024

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• DJ Market Talk Roundup: Danone Beat Sales Expectations, Backs Guidance, from 7:26AM ET on Thursday Apr 18, 2024 by Dow Jones

  7:26AM ET on Thursday Apr 18, 2024 by Dow Jones
  Companies Mentioned: DANOY
  
  Danone reported a better-than-expected 1Q sales performance supported by higher pricing and volumes, and backed its full-year guidance. The company added that it had a solid start to the year in Europe and North America amid normalized pricing. The following is a selection of analyst comments:
  

• DJ Danone Reports a Solid Start to the Year -- Market Talk, from 6:27AM ET on Thursday Apr 18, 2024 by Dow Jones

  6:27AM ET on Thursday Apr 18, 2024 by Dow Jones
  Companies Mentioned: DANOY
  
  1026 GMT - Danone reported a solid 1Q update, with good progress made in core categories, Davy Research analysts Cathal Kenny and Jessica Wagenaar say in a note. The French food company's essential dairy and plant-based (EDP) volumes were in line with the previous quarter excluding temporary headwinds such as the European shipment disruption and licensing of milk business in Brazil, they say. In Europe, the EDP business is showing sequential improvement with market share wins and posting somewhat positive volumes, they say. Added to that, momentum continues in China's specialized nutrition business as market share is expanding, they add. "The update gives a constructive tone on growth in the coming year," the analysts say. Shares are up 1.8% and 1.6% since the start of 2024. (michael.susin@wsj.com)
  

• DJ Danone Becoming a Reliable Value Builder -- Market Talk, from 4:58AM ET on Thursday Apr 18, 2024 by Dow Jones

  4:58AM ET on Thursday Apr 18, 2024 by Dow Jones
  Companies Mentioned: DANOY
  
  0858 GMT - Danone delivered another performance beat in the first quarter, driven by both volume and pricing, Barclays analysts say in a note. The French food company delivered positive comments on early signs of improvement in its U.S. plant-based portfolio, and the strength of its coffee creamers portfolio in the U.S., the analysts say. Added to that, Danone backing its guidance wasn't surprising, they say. "We continue to like the 'compounding' Danone investment case and the high level of reinvestment," the analysts add. Shares are up 1.4% and up 1.2% since the start of 2024. (michael.susin@wsj.com)
  

• DJ Danone's Update Strikes Confident Tone on New Strategy -- Market Talk, from 4:28AM ET on Thursday Apr 18, 2024 by Dow Jones

  4:28AM ET on Thursday Apr 18, 2024 by Dow Jones
  Companies Mentioned: DANOY
  
  0827 GMT - Danone's 1Q update tone was confident as the group provided evidence of everything going on track, supported by positive performance in key areas, Jefferies analysts say in a note. The French food company's 1Q essential dairy and plant-based sales volume grew 0.8%, compared to Jefferies expectations of 1.0%, they highlight. Regardless the slight miss, EDP volume was good enough and remains at the core of Danone's new strategy, they say. "Despite the E.U. volume miss on negotiation impacted delays to orders, we see enough here to support shares ahead of June capital markets day," they add. Jefferies also expects a move toward acquisitions, instead of share buybacks, to step up in areas of weakness during 2024. Shares are up 1.3%, and 1.0% since the start of 2024. (michael.susin@wsj.com)