Danone Q2 like-for-like sales rise 4.2%, beating 3.7% consensus

Danone said its half-year financial report as of June 30, 2026 is available on its website and reported stronger-than-expected second-quarter trading. Like-for-like sales rose 4.2% in the three months through June, ahead of the 3.7% consensus estimate compiled by the company, supported by a 4.5% increase in Specialized Nutrition and a 4.7% gain in Waters, including strong bottled water demand during Europe’s heatwave. For the first half, sales reached €13.936 billion, like-for-like sales growth was 3.5%, recurring operating income rose to €1.854 billion, recurring operating margin increased 12 basis points to 13.3%, recurring diluted EPS rose 0.9% to €1.92, and free cash flow was €852 million. Danone reaffirmed its 2026 target for 3% to 5% like-for-like sales growth, with recurring operating income rising faster than sales, while also restating its Renew strategy and broader 2025 business profile, including €27.3 billion in 2025 sales, about 90,000 employees, operations in more than 120 markets, global B Corp certification in 2025, and listings on Euronext Paris and OTCQX through an ADR program.