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Investors looking for stocks in the Food - Miscellaneous sector might want to consider either Kraft Heinz (KHC) or Danone (DANOY). But which of these two stocks offers value investors a better bang for their buck right now?
Danone, whose CEO first reached out to the International Olympic Committee (IOC) in mid-2022 to get involved, is betting on the Paris Games' focus on health and nutrition to boost summer sales of its yoghurts and plant-based products.
Danone posted stronger-than-expected quarterly sales on Thursday, with all businesses delivering volume growth as the world's largest yoghurt maker managed to raise prices to cope with higher input costs though at a slower pace than previously.
Antoine de Saint-Affrique, CEO of the French food company, discusses the company's partnership with the 2024 Paris Olympics.
The CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on its food business, arguing that consumers were likely to turn to healthy products as part of their new regime.
Danone S.A. (DANOY) Q4 2023 Earnings Call Transcript
Nestle S.A. (OTC:NSRGF, VTX:NESN) and Danone (OTCQX:DANOY) have both signalled food prices could climb more slowly over the coming year after such sharp increases have hit demand at both.
Two of the world's top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that have prompted shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee.
A judge in New York ruled on Wednesday that Danone must face a lawsuit challenging its "carbon neutral" claim on bottles of Evian spring water.
French food-manufacturing multinational Danone (OTCQX:DANOY) has announced a 7% reduction in the wholesale price of its powdered Aptamil baby formula products following an investigation by the UK's Competition and Markets Authority (CMA) into high formula prices. The CMA's scrutiny was triggered by significant price hikes in the baby formula sector, with Danone's prices having risen by 25% over two years.