Dive Brief:
- Danone reported a 6.9% rise in sales in the most-recent quarter, well above the 5.9% growth forecast by analysts.
- The French dairy company cited rising sales of baby food in Asia for the strong performance, suggesting the company is recovering from the false-alarm recall last year that slashed sales.
- Global sales of infant formula and baby food soared 19% ... the first increase in more than a year.
Dive Insight:
Well perhaps things aren't quite as bad in the baby-food world as Danone suggested just last month.
But things aren't looking quite so rosy for the world's largest yogurt maker's core business. Fresh dairy volume dropped 7.1%.