Danone Expects Dairy to Improve After Sales Beat Estimates
Like-for-like revenue climbed 3.5 percent in the first quarter, the company also said Tuesday. Analysts expected 3.2 percent, according to a Bloomberg survey. Dairy volumes will accelerate in the second quarter, Chief Financial Officer Cecile Cabanis said in a conference call, after being weighed down in the first three months of the year by a slump in Brazil and declines in Russia and Europe.
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