Stock Analysis

Danone First Half 2024 Earnings: EPS Beats Expectations

ENXTPA:BN
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Danone (EPA:BN) First Half 2024 Results

Key Financial Results

  • Revenue: €13.8b (down 2.9% from 1H 2023).
  • Net income: €1.22b (up 12% from 1H 2023).
  • Profit margin: 8.8% (up from 7.7% in 1H 2023).
  • EPS: €1.89 (up from €1.70 in 1H 2023).
earnings-and-revenue-growth
ENXTPA:BN Earnings and Revenue Growth August 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Danone EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in France.

Performance of the French Food industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Danone that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.