Danone Q3 Organic Sales Rise 4% as Prices Offset Mizone Weakness
Danone reported better-than-expected third-quarter organic sales growth of 4%, led by price increases to address rising costs. Its Mizone water business in China weighed on volume growth amid adverse weather.
By Dominique VidalonDanone EURONEXT:BN reported better-than-expected organic sales growth of 4% for the third quarter on Wednesday, led by price increases to cope with rising costs, while its struggling Mizone water business in China amid adverse weather weighed on volume growth.The French consumer…