By Giulia Petroni Danone SA said Tuesday that sales rose in the third quarter, with strong growth across geographies, and reiterated guidance for the full year.
The waters business recorded mid-single-digit growth in Europe, benefiting from improved out-of-home mobility, while specialized nutrition was driven by adult nutrition and saw return to growth of infant milk formula in China. Danone also said it expects a broad-based acceleration of inflation in milk, ingredients, packaging and logistics.
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