Danone falls as China growth slowdown overshadows 'mild' Q2 topline beat

Danone SA

29/07/2026 08:38

** Shares in Danone DANO.PA fall 3.5%, Jefferies points to a "notable" slowdown in China overshadowing "mild" Q2 sales beat
** Q2 group sales rise 4.2% LFL, above the 3.7% seen in consensus
** Sales in the China, North Asia & Oceania region rise 3.6% LFL, below Jefferies estimate of 7.1% growth, after a 10.3% rise in Q1
** "There may be scrutiny on softer China with tough comps in Q3," J.P. Morgan says
** Additionally, JPM says results are overall solid, but the stock could see some pressure after recent recovery
** Up until Tuesday's close, the stock rose almost 19% since beginning of June; YTD it's down about 6%
** Shares on track for their worst day since early Feb if losses persist
     

(Reporting by Margaux Perrin in Gdansk)
((Margaux.Perrin@thomsonreuters.com ))