0907 GMT - Danone's 2025 performance is expected to bring disappointing sales and a margin miss, Jefferies analysts say in a note. The French food company's key contributors to sales growth and operating margin progression have been faltering since 2022, they say. Important contributing units are U.S. creamers, China waters and China specialized nutrition, which together have contributed up to 50% of total sales growth in recent quarters and have higher margin operations. Jefferies cuts Danone's earnings per share expectations for 2025 by 3%, and revenue by 2%. The brokerage also cuts the stock's rating to underperform from hold after a previous downgrade in September. Shares are down 0.8% at 65 euros. (michael.susin@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 04:07 ET (09:07 GMT)
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