Bernstein

Danone Maintains 2024 Goals As Q3 Sales Beat Forecast

French food group Danone beat third-quarter sales expectations on Thursday, boosted by higher sales volumes as price hikes slowed.

Heineken’s third-quarter sales figures beat forecasts on Wednesday, buoyed by non-alcoholic beers, but full-year guidance was unchanged.

Danone beat second-quarter sales expectations on Wednesday, boosted by higher sales volumes as price hikes slowed.

Heineken has reported a 12.5% rise in half-year operating profit, missing out in an expected boost from sporting events.

Nestlé lowered its sales outlook on Thursday, slowing the pace of price hikes sooner than hoped due to increasingly cost-conscious consumers.

Nestlé may flag more price hikes when it reports first-half earnings on Thursday, making its brands more expensive by Christmas.

Hygiene product maker Essity reported second-quarter core profit above expectations on lower costs and price discipline.

France’s finance ministry has asked a court to fine retailer Carrefour over contracts with franchisee stores that it claims were unbalanced.

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