Danone revenue surges as higher food prices boost profit

Sales rose 7.8% on a like-for-like basis in 2022, Danone said on Wednesday. Analysts expected a 7.3% gain.  Pricing rose 8.7% and volumes fell 0.8%. Pic: Lucas Schifres/ABACA.

Danone like-for-like quarterly sales growth topped estimates on Wednesday on the back of higher prices amid soaring raw materials and energy costs which still weighed down its full-year operating margin.

Danone had its fastest sales growth in more than a decade, boosted by price increases on products from Activia yogurt to Evian water.