|Bid||47.53 x 0|
|Ask||48.50 x 0|
|Day's range||47.78 - 48.29|
|52-week range||46.53 - 64.00|
|Beta (5Y monthly)||0.52|
|PE ratio (TTM)||19.93|
|Forward dividend & yield||1.94 (3.94%)|
|Ex-dividend date||10 May 2022|
|1y target est||N/A|
The world's largest advertising group made £6.8bn in half-year sales.
NEW YORK/LONDON (Reuters) -French consumer goods company Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe as a nationwide shortage persists, with another 550,000 cans on the way. While Aptamil is little known in the United States, it is a major brand in Europe, where Danone is a dominant force in the market. The move to introduce Aptamil to American parents could give Danone, a relatively small U.S. player, the opportunity to grab market share from leaders Reckitt Benckiser and Abbott Laboratories.
Danone raised its annual revenue growth forecast after its second-quarter sales beat analysts' estimates on strong demand for baby food and bottled water, even as the company raised prices to mitigate higher costs. Danone, whose brands include Evian and Badoit water, Activia yoghurt and Aptamil baby formula, said it now expects like-for-like sales to grow at 5%-6% in 2022 compared with a previous forecast of 3%-5%. CEO Antoine de Saint-Affrique, who took over in September 2021, faces mounting costs and uncertainties in the supply chain caused by Russia's invasion of Ukraine.