Danone's 2023 Earnings Preview: Navigating Stability Amid Global Dynamics
Source: The DairyNews
Danone is scheduled to report 2023 results on Thursday. Here's what you need to know, marketwatch.com writes.
Sales Projection: Danone is set to disclose its 2023 financial results on Thursday 22 february, with anticipated full-year sales of €27.71 billion, a marginal uptick from the previous year's €27.66 billion. The fourth quarter is expected to reflect sales of €6.61 billion, compared to €7.01 billion in the same period last year. On a like-for-like basis, the projected sales growth stands at 7% for the full year and 5% for the fourth quarter.
Recurring Net Income: Excluding exceptional items, Danone's recurring net income for 2023 is forecasted to reach €2.22 billion, slightly surpassing the 2022 figure of €2.21 billion. The focus on recurring net income underscores Danone's commitment to sustaining financial stability amid evolving market conditions.
Market Performance: Over the past 12 months, Danone's shares have experienced an approximate 18% surge, currently trading at €61.57. This upward trajectory suggests positive investor sentiment and confidence in Danone's strategic direction.
As the global food group navigates the intricacies of the current economic landscape, the upcoming earnings report is poised to provide insights into Danone's resilience and adaptability, shedding light on its performance against market expectations.
Recurring Net Income: Excluding exceptional items, Danone's recurring net income for 2023 is forecasted to reach €2.22 billion, slightly surpassing the 2022 figure of €2.21 billion. The focus on recurring net income underscores Danone's commitment to sustaining financial stability amid evolving market conditions.
Market Performance: Over the past 12 months, Danone's shares have experienced an approximate 18% surge, currently trading at €61.57. This upward trajectory suggests positive investor sentiment and confidence in Danone's strategic direction.
As the global food group navigates the intricacies of the current economic landscape, the upcoming earnings report is poised to provide insights into Danone's resilience and adaptability, shedding light on its performance against market expectations.
Key News of the Week
