French food group Danone (DANO.PA) raised its 2023 revenue growth forecast after its third-quarter sales beat analysts' estimates, as higher prices helped offset lower volumes.
Dairy products of French food group Danone are seen in a supermarket in Nice, France, January 9, 2023. REUTERS/Eric Gaillard/File photoraised its 2023 revenue growth forecast after its third-quarter sales beat analysts' estimates, as higher prices helped offset lower volumes.
"We continue to view our future with confidence, despite a challenging environment," Chief Executive Antoine de Saint-Affrique said in a statement. Danone posted a 6.2% rise in third quarter like-for-like sales to 6.906 billion euros , above analysts' expectations for a 4.7% rise in a poll compiled by the company.
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