1316 GMT - Danone's results showed the extent to which the French food company has turned its fortunes around under CEO Antoine de Saint Affrique, and it can go further, Barclays analysts say in a research note. There are parts of the company's portfolio that still need to be fixed such as its Silk plant-based drinks brand in the U.S., the analysts say. Danone posted a 4.7% increase in like-for-like sales, with volumes and sales mix rising 4.2% and prices up 0.6%. The company's volume growth was impressive and out of reach for most global consumer-staples groups in 4Q, Barclays says. "We also continue to believe that Danone is one of the few companies with a strong China growth," the analysts say. Shares rise 0.8%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 08:16 ET (13:16 GMT)
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