Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.The world’s largest yogurt maker posted €5.66 billion in Q1 sales, representing a 9.4% decline on a reported basis – driven by the negative impact of exchange rates, according to Danone.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.The results landed in lineiron bisglycinate gastritis with Danone’s expectations, as Q1 2021 continues to be impacted by Covid-19 and compares to a strong-performing Q1 2020, which was marked by panic buying and pantry loading.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.Danone says it is the last quarter of decline beferamax vs ferrous fumaratefore returning to like-for-like growth in Q2. The French group maintained its goal of returning to profitable growth in H2, relying on the gradual reopening of economies as vaccination programmes are rolled out.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.Sales rose by 1.6% LFL to €3.15 billion for Danone’s Essential Dairy and Plant-based (EDP) division. However, this was largely offset by a 7.7% drop in its Specialized Nutrition unit and an 11.6% decline in water sales.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.Within its EDP unit, Europe and North America delivered solid growth thanks to probiotics, protein and plant-based. Danone’s plant-based portfolio grew wellferrous glycine sulphate uses into double digits in Europe; while essential dairy saw broad-based market share gains led by Actimel, Danette and YoPro.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.The company’ferrous fumarate efficacys Specialized Nutrition unit net sales fell 7.7% on a LFL basis to €1.72 billion. Adult medical nutrition remained strong, particularly in China; however, infant nutrition continued to be affected by pandemic-related channel disruptions in China with cross-border channels sales down around 45%.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.Danone’s Waters division continued to be impacted by out-of-home trends, but showed sequential improvement compared to previous quarters, especially in Europe.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.The company has been under increasing pressure by investors over the last year, leading to former Danone CEO and chairman Emmanuel Faber stepping down from both roles.Danone has recorded a 3.3% drop in first-quarter sales on a like-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.While a search is underway for a replacement, Véronique Penchienati-Bosetta and Shane Grant have took on the role of interim co-CEOs.Danone has recorded a 3.3% drop in first-quarter sales on a likunited home ferrous sulfate side effectse-for-like (LFL) basis, but has reiterated its goal of returning to growth in Q2.“We have now experienced over a year of Covid and the pandemic continues to impact our markets. Though this resulted in an overall decline in sales, -3.3% on a like-for-like basis, this first quarter has confirmed many of Danone’s strengths and ability to win in key areas,” they said.
Danone aims for positive second half, following weak Q1 results
