Previous close | 53.03 |
Open | 52.48 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 51.90 - 53.47 |
52-week range | 46.47 - 65.30 |
Volume | |
Avg. volume | 1,628,967 |
Market cap | 34.052B |
Beta (5Y monthly) | 0.53 |
PE ratio (TTM) | 18.13 |
EPS (TTM) | 2.94 |
Earnings date | 29 Jul 2022 - 06 Aug 2022 |
Forward dividend & yield | 1.94 (3.74%) |
Ex-dividend date | 10 May 2022 |
1y target est | 58.40 |
LONDON (Reuters) -French food giant and the world's biggest yoghurt maker Danone is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending. Supermarkets and the makers of packaged food are struggling to combat rising costs, with products ranging from crude oil to paper packaging becoming more expensive due to a protracted pandemic-led shipping crunch and Russia's invasion of Ukraine. Those factors are prompting one of the world's top food manufacturers to rethink how it sells its best-selling products which range from Activia yoghurt to Evian water.
Top infant formula makers, including Reckitt Benckiser, Nestle and Danone SA, have been shipping supplies from overseas since the United States temporarily allowed foreign imports from other suppliers. Abbott recalls dozens of types of powdered baby formulas, including Similac, Alimentum and EleCare, made at its Sturgis, Michigan plant after four consumers complained about bacterial infections in infants who had consumed those products; Recalled products had an expiry date of April 1, 2022 or later.
DANONE French Société anonyme with a capital of €168,946,900,00. Registered Office: 17, boulevard Haussmann, 75009 Paris. Registered with the Paris Commerce and Company Registry under number 552 032 534 Information on the total number of voting rights and shares in compliance with Article L. 233-8 II of the French Commercial Code and with Article 223-16 of the General Regulation of the Financial Markets Authority (AMF- Autorité des Marchés Financiers) DateTotal number of sharesTotal number of vo