Core Insights - The company reported Q3 2024 sales of €6,826 million, reflecting a like-for-like (LFL) growth of +4.2%, driven by a +3.6% increase in volume/mix and a +0.7% increase in price [1][3][4] - The company confirmed its 2024 guidance, expecting LFL sales growth between +3% and +5% with a moderate improvement in recurring operating margin [1][8] Sales Performance - Sales by geographical zone showed varied performance: - Europe: €2,427 million, LFL growth of +1.4% - North America: €1,611 million, LFL growth of +5.8% - China, North Asia & Oceania: €967 million, LFL growth of +8.0% - Latin America: €706 million, LFL growth of +2.7% - Rest of the World: €1,115 million, LFL growth of +6.0% [1][4][5][6] - By category, EDP sales were €3,283 million with LFL growth of +4.1%, Specialized Nutrition at €2,189 million with +5.2%, and Waters at €1,354 million with +3.2% [1][4][6] Market Dynamics - The company experienced strong competitive momentum in North America, particularly in High Protein, Coffee Creations, and Waters, with double-digit growth in Coffee Creations [2][4] - In Europe, the EDP category showed progress, driven by strong performance from brands like YoPro, Actimel, and Alpro, despite adverse weather conditions affecting Waters [4][5] - In China, North Asia & Oceania, the company saw a significant increase in volume/mix, particularly in Specialized Nutrition and Medical Nutrition [5][6] Financial Adjustments - Reported sales decreased by -1.2% due to negative impacts from scope (-3.1%) and foreign exchange (-3.2%), while hyperinflation contributed positively to reported sales (+1.5%) [3][4][6] - The company applied IAS 29 in hyperinflationary countries, which affected reported data, leading to adjustments in sales figures [9][10] Major Developments - The company successfully issued a €700 million bond with a 7-year maturity and a 3.20% coupon, enhancing its financial flexibility [8]

MORTON GROVE, Ill., Sept. 24, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, confirmed that it has received an unsolicited, non-binding proposal from Danone North America PBC ("Danone") to acquire all outstanding shares of common stock of Lifeway it does not already own for $25.00 per share in cash. According to the Schedule 13D amendment filed yesterday with the U.S. Securitie ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Press Release – Paris, September 5, 2024 Danone successfully issues a €700 million bond Danone announces that it has issued today a €700 million bond with a 7-year maturity and a 3.20% coupon. In line with the company's active liquidity management, this issue enables Danone to enhance its funding flexibility while extending the maturity of its debt. The settlement is expected to take place on September 12, 2024 and the bonds will be listed on Euronext Paris. The bond issue was widely subscribed by a diversi ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Danone (DANOY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Danone is one of 184 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks wi ...

Danone S.A. (OTCQX:DANOY) Q2 2024 Results Conference Call July 31, 2024 2:00 AM ET Company Participants Mathilde Rodie - IR Antoine de Saint-Affrique - CEO Juergen Esser - CFO Conference Call Participants Guillaume Delmas - UBS Jon Cox - Kepler Cheuvreux Celine Pannuti - JPMorgan David Hayes - Jefferies Tom Sykes - Deutsche Bank Victoria Petrova - Bank of America Mathilde Rodie Good morning, everyone. Mathilde Rodie speaking, Head of Investor Relations. Thank you for being with us this morning for Danone's ...

Danone today announces that its interim financial report for the six-month period ended June 30, 2024 is publicly available and accessible online (link). Attachment Notification of availability of Danone's 2024 interim financial report Danone is a leading global food and beverage company operating in three health-focused, fast-growing and ontrend Categories: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With a longstanding mission of bringing health through food to as many people ...

As I mentioned in previous articles, the company's upside and risk considerations are a mix of the undeniable quality of its many world-leading and well-known brands... turnaround for a company like this can actually take. Nothing is "sacred" here, which is good to see. Several brands that have been with the company for a long time have been recycled and sold. EPS is unlikely to significantly improve this year - the company is still transforming - but there's a lot to be said about investing in a company wh ...

This report provides insight into Danone's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts. Scope Gain insights into Danone's tech operations. Gain insights into its tech strategies and innovation initiatives. Gain insights into its technology themes under focus. Gain insights into various product launches, and partnerships strategies. o9 Solutions Brightseed Water.io Balyo CHEP Netwo ...

Kefir, healthy probiotic beverage with milk kefir grains The Growth Trend Behind Lifeway Webpage Danone's Support In recent years, the company has seen considerably more growth than other larger scale nearby competitors such as Danone (OTCQX:DANOY) or Yakult (OTCPK:YKLTY). This is a good sign, as it means that the company is growing more than the leaders, therefore stealing market share and carving out a place for itself in the industry. The good: Being a majority shareholder, Danone has interest in helping ...