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Danone Posts Solid Sales Growth In 3rd Quarter

October 17, 2017: 12:00 AM EST
Consolidated sales rose 16.6 percent in Danone’s third fiscal quarter to $7.64 billion, with especially strong performance in Specialized Nutrition and Early Life Nutrition China. New Danone like-for-like sales growth was 4.7 percent in the quarter, which reflects a 0.4 percent increase in volume and a 4.3 percent rise in value. As to guidance, the company still expects to deliver double-digit recurring earnings per share growth of more than 12 percent. It is also looking for overall like-for-like sales growth between four and five percent by 2020, including healthy like-for-like sales growth above five percent for EDP NORAM, Specialized Nutrition, and Waters, and a like-for-like sales growth of between three and four percent for EDP International.
"Danone Q3 Sales Climb, Backs FY17 View; Sets 2020 Objectives - Quick Facts", Nasdaq, October 17, 2017, © The NASDAQ, Inc.
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