Danone's Revenue Declines by 2% in Q1 Despite Growth in Comparable Sales

Comparable sales increased by 2.7%, surpassing analysts' consensus forecast of 2.6%. The volume of sales in physical terms grew by 1.5%, while the price factor contributed an additional 1.2% growth.

Positive trends were observed in all key regions. In the EMEA zone, growth was 0.6%, including 0.4% in Europe. Sales in North and South America increased by 3.4%, and in the Asia-Pacific region, they grew by 6%, which was the main growth driver.

At the business segment level, the dairy and plant-based products division showed the most significant growth with an increase of 3.4%. Sales of specialized nutrition rose by 1.9%, and the water segment by 2.3%.

The company confirmed its forecast for 2026, expecting comparable sales growth of 3–5%. However, since the beginning of the year, Danone's market capitalization has decreased by 12%, reflecting continued pressure on the global consumer goods market.