Danone, the French food company, reported like-for-like sales growth of 2.4% in its North America business.
The result comes as the company continues its turnaround efforts in the region, a strategy aimed at restoring momentum in one of its key markets.
The growth figure is one of the clearest signals so far that the North American operation is responding to changes made under the company's recovery plan. Like-for-like sales strip out currency effects and acquisitions or disposals, giving a clearer view of underlying performance.
The Wall Street Journal's US business coverage highlights the significance of the figure for investors watching whether Danone can sustain growth in North America. Further updates on the turnaround will show whether this momentum holds.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing