0737 GMT - Danone delivered high quality in sales volumes in 3Q, representing the sixth consecutive quarter of volume growth, Barclays analysts say. They note that organic sales growth slightly beat expectations. More importantly, the French food company reported growth in dairy and plant-based products segment volumes and growth in China/North Asia volumes, the analysts say in a note. Pricing is normalizing as expected, reflecting the company's efforts on innovation work and portfolio pivot to medical nutrition. "[The result] shows real evidence of all the work that the company is doing to bring back sustainable volume growth for this company," they say. Shares are up 2.6% and up nearly 12% since the start of 2024. (michael.susin@wsj.com)
(END) Dow Jones Newswires
October 24, 2024 03:38 ET (07:38 GMT)
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