(Reuters) – Danone jumped on the stock market on Thursday to reach its highest level since mid-September, after JP Morgan analysts were optimistic about the food group’s third quarter results.
Around 10:34 GMT, Danone shares rose 3.92%, while the CAC 40 index gained 0.16% at the same time.
“We expect a solid quarter with 4.7% like-for-like sales growth, versus 4.4% according to the Bloomberg consensus, which is a good result in a much more cautious context for the rest of commodities in Europe,” JP Morgan said in a preliminary note.
JP Morgan added that it expects a generally solid annual result for Danone, with sales continuing to be driven by volumes.
“With top-notch performance in the European FMCG sector and momentum expected to continue throughout 2026, the business mix bodes well for gross margin improvement,” analysts say, adding that Danone stock has additional growth potential.
(Written by Mara Vîlcu and Mateusz Rabiega, edited by Blandine Hénault)
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