Danone invests $4M to expand Texas plant amid yogurt boom

Core Insights - Danone plans to invest $4 million to expand its Fort Worth, Texas facility to meet the growing demand for protein-rich yogurts [1][2] - The expansion aims to enhance production capabilities for brands like Danimals, Activia, and YoCrunch, with completion expected by September 1 [1][2] - The company is facing challenges in keeping up with high demand for high-protein yogurts, which has affected its innovation capacity [3] Company Performance - Danone's yogurts have benefited from the increasing popularity of GLP-1 medications, as consumers seek nutrient-dense options while managing their weight [4] - In the third quarter, Danone reported a 1.5% like-for-like sales increase in North America, with a 0.3% rise in volume/product mix [4] - The company believes it is well-positioned to leverage its yogurt portfolio to meet evolving consumer needs [5] Recent Investments - The Texas expansion is part of a broader strategy, following a previous announcement of an upgrade to the Minster, Ohio yogurt facility, which will include additional space and a new production line [5]