The French food group reported 1H non-GAAP EPS of €1.92, beating expectations by €0.05, as revenue rose 1.5% year-over-year.
Danone reported first-half non-GAAP earnings per share of €1.92, exceeding estimates by €0.05, driven by a 1.5% year-over-year revenue increase to €13.94 billion. The beat of €130 million was supported by productivity gains amid inflationary pressures.
Recurring operating margin improved by 12 basis points to 13.3% in the period, aligning with the company’s prior guidance. Analysts had anticipated slightly lower revenue and earnings, making the results a modest upside surprise.
The company reconfirmed its full-year 2026 outlook, signaling confidence in sustained performance despite macroeconomic challenges.