DANOY Stock Recent News

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.

Global shipping firms—including Denmark's AP Møller-Maersk and Germany's Hapag-Lloyd—have paused and rerouted operations in the Red Sea due to risks of attacks by Yemen's rebel Houthi group, leading some companies to warn of shortages and delays as they seek alternative trading routes.

Danone's stock trajectory has been mostly downward over the past five years despite some gains in the last year. Like-for-like sales growth has been driven by price increases rather than volume growth, posing a risk to future sales growth. Pricing considerations are the biggest risk to Danone, and a revival in volume-based growth is needed for potential upside in the stock.

Danone's investment performance has been disappointing for the past few years, with lots of ups and downs due to material challenges in its business. While the company has not provided a positive experience for investors, I believe a turnaround may be in the future, and the upside is there. I view Danone as an attractive investment with an upside potential, even if the yield of below 4% might make it less than ideal for many investors given the rate environment.

Danone S.A. (OTCQX:DANOY) Q2 2023 Earnings Conference Call July 26, 2023 2:30 AM ET Company Participants Mathilde Rodie - Head, Investor Relations Antoine de Saint-Affrique - Chief Executive Officer Juergen Esser - Chief Financial Officer Conference Call Participants Warren Akerman - Barclays Guillaume Delmas - UBS Pascal Boll - Stifel Celine Pannuti - JPMorgan Jeff Stent - Exane Rashad Kawan - Morgan Stanley Jon Cox - Kepler Cheuvreux Operator Good day, and thank you for standing by.

Danone SA saw faster-than-expected revenue growth in the second quarter as price hikes compensated for a drop in the volume of products sold. Dasha Afanasieva reports.

Ukraine is urging global companies to relocate from Russia to its war-stricken neighbor, as Moscow continues to seize the assets of foreign companies.

Moscow has seized control of the Russian subsidiaries of French yogurt maker Danone and Danish brewer Carlsberg, highlighting risks facing foreign firms that continue to do business in the country.