Latest news with #Evian
Reuters
7 hours ago
- Business
- Reuters
Danone shares shine after Q2 sales beat expectations thanks to strong China
PARIS, July 30 (Reuters) - Danone ( opens new tab shares rose as much as 7% on Wednesday after it delivered second-quarter sales that beat expectations, boosted by strong demand in China for infant milk formula and medical nutrition products. That largely outpaced weakness in the water segment in Latin America due to rainy and cold weather in Mexico, and coffee creamer sales still sluggish in a competitive U.S. market. The French consumer goods group, whose brands include Evian and Badoit water and Activia yoghurt, said second-quarter sales rose 4.1% on a like-for-like basis, beating expectations of a 3.8% increase in a company-provided analysts' consensus. Danone's recurring operating income for the first half of 2025 was 1.811 billion euros ($2.09 billion), with a margin of 13.2% of sales against 12.7% a year ago. The company reiterated that its full-year 2025 forecast was in line with its mid-term ambition of like-for-like sales growth of between 3% and 5%, with recurring operating income growing faster than sales. The first-half performance reflected "the strength and resilience of our health-focused portfolio," said CEO Antoine de Saint-Affrique. "The name of the game for us is performing consistently while transforming and fixing what needs to be fixed," he added, citing the plant-based business and coffee creamers in the United States. By 0807 GMT Danone shares were up 6.6% at 70.72 euros. "This is a reassuring update," Jefferies analysts said in a note. "The notably strong beat in China Nutrition will quash worries that the category competitiveness is less favorable. It suggests that Danone continues to be a winner in this region, while others struggle." China, North Asia and Oceania had another stellar quarter, with sales up 12.4% like-for-like. Specialized Nutrition recorded double-digit growth, driven by strong growth both in Infant Milk Formula and Medical Nutrition. In North America sales rose 2.3% in the quarter, driven by double-digit growth in protein products such as the Oikos brand Greek yoghurt, while coffee creamers were progressively recovering following supply chain issues in the first quarter. Danone has been using some of its cash for acquisitions to boost its focus on health and science, and build resilience to a volatile environment. It recently bought the Akkermansia Company, a Belgian biotics firm, and took a majority stake in Kate Farms, a U.S. plant-based maker of organic formula and shakes. "We don't stop there," Saint-Affrique told analysts. "There are more acquisitions to come. We are working on a number of things." ($1=0.8654 euros)
Reuters
11 hours ago
- Business
- Reuters
Strong Chinese demand helps Danone second-quarter sales beat expectations
PARIS, July 30 (Reuters) - Danone ( opens new tab on Wednesday reported second-quarter sales that beat expectations, boosted by strong demand in China for infant milk formula and medical nutrition products. This largely outpaced weakness in the water segment in Latin America due to rainy and cold weather in Mexico, and still sluggish coffee creamer sales in a competitive U.S. market. The French consumer goods group, whose brands include Evian and Badoit water and Activia yoghurt, said second-quarter sales rose 4.1% on a like-for-like basis, compared with expectations of 3.8% increase in a company-provided analysts' consensus. Danone's recurring operating income for the first half of 2025 was 1.811 billion euros ($2.09 billion), with a margin of 13.2% of sales against 12.7% a year ago. The company reiterated that its full-year 2025 forecast was in line with its mid-term ambition of like-for-like sales growth of between 3% and 5%, with recurring operating income growing faster than sales. The first half performance reflected "the strength and resilience of our health-focused portfolio," said CEO Antoine de Saint-Affrique, adding that Danone was focused on "the consistent execution of our consumer-centric and science-based strategy and the delivery of our mid-term guidance." Danone, which ended last year with record cash of 3 billion euros, has been using some of it for acquisitions to boost its focus on health and science, and build resilience to a volatile environment marked by U.S. tariff uncertainty and weak consumer sentiment. The group recently bought The Akkermansia Company, a Belgian biotics company, as well as a majority stake in Kate Farms, a U.S. plant-based organic formula and shakes maker. Danone, like rivals Unilever (ULVR.L), opens new tab and Nestle (NESN.S), opens new tab, has slowed price hikes after three years of steep increases following the COVID-19 pandemic to win back shoppers who had turned to cheaper brands amid elevated inflation. In the second quarter alone, volumes contributed 3.2% to revenue growth and prices 1%. ($1 = 0.8654 euros)
Reuters
11 hours ago
- Business
- Reuters
Strong Chinese demand help Danone Q2 sales beat expectations
PARIS, July 30 (Reuters) - Danone ( opens new tab on Wednesday reported second-quarter sales that beat expectations, boosted by strong demand in China for infant milk formula and medical nutrition products, offsetting weakness in coffee creamers amid a competitive U.S. market. The French consumer goods group, whose brands include Evian and Badoit water and Activia yoghurt, said second-quarter sales rose 4.1% on a like-for-like basis, compared with expectations of 3.8% in a company-provided analysts' consensus. Danone's recurring operating income for the first half of 2025 was 1.811 billion euros ($2.09 billion), with a margin of 13.2% of sales against 12.7% a year ago. The company reiterated its full-year 2025 forecast was in line with its mid-term ambition of like-for-like sales growth of between 3% and 5%, with recurring operating income growing faster than sales. ($1 = 0.8654 euros)
The Advertiser
2 days ago
- Sport
- The Advertiser
'Love links golf': Kyriacou eyes another Aussie major
Steph Kyriacou is feeling right at home as she looks to join the party and capture a third straight golf major for Australia at the Women's British Open in Wales. Kyriacou is feeling a little envious after watching fellow Sydney 24-year-old and great mate Grace Kim win this month's Evian Championship in France. Kyriacou led last year's Evian event into the final round before finishing runner-up and posting a third top-10 from her first 14 major starts. The ambitious two-time European Tour winner is yet to break through on the LPGA Tour and knows she is playing catch-up against her compatriots, including world No.5 Minjee Lee, who bagged her third career major at last month's PGA Championship. Kyriacou says she's always feeding off the bumper Australian contingent now plying their trade in America, including eight in this week's Open field at Royal Porthcawl. "There's a whole bunch of us out here now, so it's nice to have some other Aussies," she said ahead of Thursday's first round of the $US9.5 million event. "I don't know what 'Greeny' (Hannah Green) and Minjee were like if it was just them two or not, but yeah, it's nice to have a couple Aussie mates and to hear the accent. It is very refreshing. "It's kind of pretty competitive against all of us, I would say. Gracie's got one up on me, or two up on me, so I need to get a little wriggle along, don't I?" After making the cut on her major championship debut at the 2020 Open, Kyriacou also boasts a tie for 13th and equal seventh in the event. The links specialist is relishing another opportunity to contend at the last major of the year between Cardiff and Swansea. "I love links golf," Kyriacou said. "I love playing in the wind. I grew up at St Mick's (St Michael's Golf Club), which is on the water, so I've grown up trying to be creative. "I feel like that's when I play my best golf. You can't be too technical when there's wind because it's just not really going to get you anywhere. "You have to be a bit more creative, do a bit more to your swing. "So technique goes out the window, which definitely helps me. "Anything could still happen out here, but I'm feeling good going into the week." Hira Naveed successfully qualified on Monday with a two-under-par 69 at Pyle and Kenfig Golf Club to join fellow West Australians Lee and Green in the field. Kyriacou, Kim, Gabriela Ruffels, Karis Davidson and Cassie Porter round out the Australian challenge. Defending champion and world No.3 Lydia Ko will spearhead a three-strong New Zealand charge also featuring former NSW Open winner Momoka Kobori and Amelia Garvey. English sensation Lottie Woad is the bookmakers' favourite ahead of world No.1 Nelly Korda after winning last week's Scottish Open on her professional debut. Steph Kyriacou is feeling right at home as she looks to join the party and capture a third straight golf major for Australia at the Women's British Open in Wales. Kyriacou is feeling a little envious after watching fellow Sydney 24-year-old and great mate Grace Kim win this month's Evian Championship in France. Kyriacou led last year's Evian event into the final round before finishing runner-up and posting a third top-10 from her first 14 major starts. The ambitious two-time European Tour winner is yet to break through on the LPGA Tour and knows she is playing catch-up against her compatriots, including world No.5 Minjee Lee, who bagged her third career major at last month's PGA Championship. Kyriacou says she's always feeding off the bumper Australian contingent now plying their trade in America, including eight in this week's Open field at Royal Porthcawl. "There's a whole bunch of us out here now, so it's nice to have some other Aussies," she said ahead of Thursday's first round of the $US9.5 million event. "I don't know what 'Greeny' (Hannah Green) and Minjee were like if it was just them two or not, but yeah, it's nice to have a couple Aussie mates and to hear the accent. It is very refreshing. "It's kind of pretty competitive against all of us, I would say. Gracie's got one up on me, or two up on me, so I need to get a little wriggle along, don't I?" After making the cut on her major championship debut at the 2020 Open, Kyriacou also boasts a tie for 13th and equal seventh in the event. The links specialist is relishing another opportunity to contend at the last major of the year between Cardiff and Swansea. "I love links golf," Kyriacou said. "I love playing in the wind. I grew up at St Mick's (St Michael's Golf Club), which is on the water, so I've grown up trying to be creative. "I feel like that's when I play my best golf. You can't be too technical when there's wind because it's just not really going to get you anywhere. "You have to be a bit more creative, do a bit more to your swing. "So technique goes out the window, which definitely helps me. "Anything could still happen out here, but I'm feeling good going into the week." Hira Naveed successfully qualified on Monday with a two-under-par 69 at Pyle and Kenfig Golf Club to join fellow West Australians Lee and Green in the field. Kyriacou, Kim, Gabriela Ruffels, Karis Davidson and Cassie Porter round out the Australian challenge. Defending champion and world No.3 Lydia Ko will spearhead a three-strong New Zealand charge also featuring former NSW Open winner Momoka Kobori and Amelia Garvey. English sensation Lottie Woad is the bookmakers' favourite ahead of world No.1 Nelly Korda after winning last week's Scottish Open on her professional debut. Steph Kyriacou is feeling right at home as she looks to join the party and capture a third straight golf major for Australia at the Women's British Open in Wales. Kyriacou is feeling a little envious after watching fellow Sydney 24-year-old and great mate Grace Kim win this month's Evian Championship in France. Kyriacou led last year's Evian event into the final round before finishing runner-up and posting a third top-10 from her first 14 major starts. The ambitious two-time European Tour winner is yet to break through on the LPGA Tour and knows she is playing catch-up against her compatriots, including world No.5 Minjee Lee, who bagged her third career major at last month's PGA Championship. Kyriacou says she's always feeding off the bumper Australian contingent now plying their trade in America, including eight in this week's Open field at Royal Porthcawl. "There's a whole bunch of us out here now, so it's nice to have some other Aussies," she said ahead of Thursday's first round of the $US9.5 million event. "I don't know what 'Greeny' (Hannah Green) and Minjee were like if it was just them two or not, but yeah, it's nice to have a couple Aussie mates and to hear the accent. It is very refreshing. "It's kind of pretty competitive against all of us, I would say. Gracie's got one up on me, or two up on me, so I need to get a little wriggle along, don't I?" After making the cut on her major championship debut at the 2020 Open, Kyriacou also boasts a tie for 13th and equal seventh in the event. The links specialist is relishing another opportunity to contend at the last major of the year between Cardiff and Swansea. "I love links golf," Kyriacou said. "I love playing in the wind. I grew up at St Mick's (St Michael's Golf Club), which is on the water, so I've grown up trying to be creative. "I feel like that's when I play my best golf. You can't be too technical when there's wind because it's just not really going to get you anywhere. "You have to be a bit more creative, do a bit more to your swing. "So technique goes out the window, which definitely helps me. "Anything could still happen out here, but I'm feeling good going into the week." Hira Naveed successfully qualified on Monday with a two-under-par 69 at Pyle and Kenfig Golf Club to join fellow West Australians Lee and Green in the field. Kyriacou, Kim, Gabriela Ruffels, Karis Davidson and Cassie Porter round out the Australian challenge. Defending champion and world No.3 Lydia Ko will spearhead a three-strong New Zealand charge also featuring former NSW Open winner Momoka Kobori and Amelia Garvey. English sensation Lottie Woad is the bookmakers' favourite ahead of world No.1 Nelly Korda after winning last week's Scottish Open on her professional debut. Steph Kyriacou is feeling right at home as she looks to join the party and capture a third straight golf major for Australia at the Women's British Open in Wales. Kyriacou is feeling a little envious after watching fellow Sydney 24-year-old and great mate Grace Kim win this month's Evian Championship in France. Kyriacou led last year's Evian event into the final round before finishing runner-up and posting a third top-10 from her first 14 major starts. The ambitious two-time European Tour winner is yet to break through on the LPGA Tour and knows she is playing catch-up against her compatriots, including world No.5 Minjee Lee, who bagged her third career major at last month's PGA Championship. Kyriacou says she's always feeding off the bumper Australian contingent now plying their trade in America, including eight in this week's Open field at Royal Porthcawl. "There's a whole bunch of us out here now, so it's nice to have some other Aussies," she said ahead of Thursday's first round of the $US9.5 million event. "I don't know what 'Greeny' (Hannah Green) and Minjee were like if it was just them two or not, but yeah, it's nice to have a couple Aussie mates and to hear the accent. It is very refreshing. "It's kind of pretty competitive against all of us, I would say. Gracie's got one up on me, or two up on me, so I need to get a little wriggle along, don't I?" After making the cut on her major championship debut at the 2020 Open, Kyriacou also boasts a tie for 13th and equal seventh in the event. The links specialist is relishing another opportunity to contend at the last major of the year between Cardiff and Swansea. "I love links golf," Kyriacou said. "I love playing in the wind. I grew up at St Mick's (St Michael's Golf Club), which is on the water, so I've grown up trying to be creative. "I feel like that's when I play my best golf. You can't be too technical when there's wind because it's just not really going to get you anywhere. "You have to be a bit more creative, do a bit more to your swing. "So technique goes out the window, which definitely helps me. "Anything could still happen out here, but I'm feeling good going into the week." Hira Naveed successfully qualified on Monday with a two-under-par 69 at Pyle and Kenfig Golf Club to join fellow West Australians Lee and Green in the field. Kyriacou, Kim, Gabriela Ruffels, Karis Davidson and Cassie Porter round out the Australian challenge. Defending champion and world No.3 Lydia Ko will spearhead a three-strong New Zealand charge also featuring former NSW Open winner Momoka Kobori and Amelia Garvey. English sensation Lottie Woad is the bookmakers' favourite ahead of world No.1 Nelly Korda after winning last week's Scottish Open on her professional debut.
Perth Now
2 days ago
- Sport
- Perth Now
'Love links golf': Kyriacou eyes another Aussie major
Steph Kyriacou is feeling right at home as she looks to join the party and capture a third straight golf major for Australia at the Women's British Open in Wales. Kyriacou is feeling a little envious after watching fellow Sydney 24-year-old and great mate Grace Kim win this month's Evian Championship in France. Kyriacou led last year's Evian event into the final round before finishing runner-up and posting a third top-10 from her first 14 major starts. The ambitious two-time European Tour winner is yet to break through on the LPGA Tour and knows she is playing catch-up against her compatriots, including world No.5 Minjee Lee, who bagged her third career major at last month's PGA Championship. Kyriacou says she's always feeding off the bumper Australian contingent now plying their trade in America, including eight in this week's Open field at Royal Porthcawl. "There's a whole bunch of us out here now, so it's nice to have some other Aussies," she said ahead of Thursday's first round of the $US9.5 million event. "I don't know what 'Greeny' (Hannah Green) and Minjee were like if it was just them two or not, but yeah, it's nice to have a couple Aussie mates and to hear the accent. It is very refreshing. "It's kind of pretty competitive against all of us, I would say. Gracie's got one up on me, or two up on me, so I need to get a little wriggle along, don't I?" After making the cut on her major championship debut at the 2020 Open, Kyriacou also boasts a tie for 13th and equal seventh in the event. The links specialist is relishing another opportunity to contend at the last major of the year between Cardiff and Swansea. "I love links golf," Kyriacou said. "I love playing in the wind. I grew up at St Mick's (St Michael's Golf Club), which is on the water, so I've grown up trying to be creative. "I feel like that's when I play my best golf. You can't be too technical when there's wind because it's just not really going to get you anywhere. "You have to be a bit more creative, do a bit more to your swing. "So technique goes out the window, which definitely helps me. "Anything could still happen out here, but I'm feeling good going into the week." Hira Naveed successfully qualified on Monday with a two-under-par 69 at Pyle and Kenfig Golf Club to join fellow West Australians Lee and Green in the field. Kyriacou, Kim, Gabriela Ruffels, Karis Davidson and Cassie Porter round out the Australian challenge. Defending champion and world No.3 Lydia Ko will spearhead a three-strong New Zealand charge also featuring former NSW Open winner Momoka Kobori and Amelia Garvey. English sensation Lottie Woad is the bookmakers' favourite ahead of world No.1 Nelly Korda after winning last week's Scottish Open on her professional debut.
