Danone Sales Top Estimates Amid Chinese Baby-Food Concern
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Danone reported first-quarter sales growth that beat estimates as renewed concern in China over the safety of baby-food products caused consumers to turn to established international brands such as Aptamil and Cow & Gate.
So-called like-for-like revenue rose 5.6 percent, the Paris-based maker of Activia yogurt said today, sending its shares to the highest in more than five years. The average of 14 analysts’ estimates compiled by Bloomberg was 4 percent.