|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||69.91 - 69.91|
|52-week range||54.02 - 78.00|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||19.38|
|Forward dividend & yield||2.36 (3.37%)|
|Ex-dividend date||10 May 2021|
|1y target est||N/A|
French food group Danone has trimmed its restructuring plans, with total job cuts now seen at around 1,600 globally versus a 2,000 figure announced last year, French business daily Les Echos reported on Thursday. The world's largest yoghurt company, Danone had unveiled its reorganisation in November 2020 with the aim of becoming leaner and more agile, saving one billion euros ($1.18 billion) a year by 2023, in a post-COVID environment. But Danone has since ousted CEO Emmanuel Faber, who was replaced by Antoine de Saint-Affrique, and announced a nearly complete overhaul of its board, removing almost all its old-timers after clashes over the group's lacklustre profit margins and sales compared with some rivals.
Danone will replace nearly all of its board members over two years, including the son of its founder, the French food group said on Thursday, clearing the way for its new CEO. The board revamp will see all Danone's old timers progressively go, including Franck Riboud, a former chairman and CEO and son of Danone's founder, Antoine Riboud, who will step down as a board member after 30 years in April 2022. The company also kept its 2021 profit margin guidance, despite input cost inflation, and its goal of returning to profitable growth in the second half of 2021, after posting a 6.6% rise in second quarter sales.
DANOY vs. SYY: Which Stock Is the Better Value Option?