0915 GMT - Danone made a solid start to the year with first-quarter sales growth slightly better than expected and in line with its full-year guidance, which gives confidence on its ability to hit its annual targets, RBC Capital Markets' James Edwardes Jones and Wassachon Fon Udomsilpa say in a research note. The French food company reported sales growth on a like-for-like basis of 4.3% in the first quarter, against consensus expectations of a 3.8% increase. The better-than-expected result was driven by the China, North Asia and Oceania region, according to RBC. Market-share gains in its specialized nutrition segment and continued strong demand for medical nutrition also helped Danone, the analysts say. Shares trade 0.5% higher. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 23, 2025 05:16 ET (09:16 GMT)
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