Danone Reports Stronger-Than-Expected Earnings and Revenue for First Half
Danone (DANOY) reported first-half Non-GAAP earnings per share of €1.92, exceeding estimates by €0.05. The company also posted revenue of €13.94 billion, surpassing expectations by €130 million and showing a year-over-year increase of 1.5%. Despite inflationary pressures, Danone improved its recurring operating margin to 13.3%, up 12 basis points from the previous period due to strong productivity gains. The results reflect effective cost management and operational efficiency in challenging economic conditions. The company has reaffirmed its guidance for the year ahead, signaling confidence in maintaining performance momentum.
