Photo: ©ROBIN J. GENTRY – STOCK.ADOBE.COM PARIS — Danone SA is employing two strategies to further the success of its Essential Dairy and Plant-based (EDP) business. Expanding plant-based yogurt alternatives into other eating occasions is one. Whittling down the number of stock-keeping units (SKUs) in Europe is the other. In the EDP business, 2022 fiscal-year sales of €14.80 billion ($15.69 billion) were up 13% from €13.09 billion. “In plant-based, we are broadening our yogurt offering to cover more segments and occasions from indulgent to functional,” said Antoine Bernard de Saint-Affrique, chief executive officer, in a Feb. 22 earnings call. “Combining Danone’s historical know-how in fermentation and manufacturing with our plant-based expertise provides us with the capability to lead the plant-based yogurt market.” Companywide, Paris-based Danone achieved net income of €959 million ($1.02 billion), or €1.48 ($1.57) per share on the common stock, in the fiscal year, down 50% from €1.92 billion, or €2.94 per share, in the previous year. Net sales reached €27.66 billion, up 14% from €24.28 billion in the previous year and up 8% on a like-for-like basis. Pricing was up 9%. Volume/mix decreased 0.8%, but excluding the exit from Russia, it was up 0.2%, Mr. de […]
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