Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Danone    BN   FR0000120644

DANONE (BN)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Kraft discontinues Athenos Greek yogurt

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/12/2012 | 10:31pm CEST

Kraft Foods Inc (>> Kraft Foods Inc) is discontinuing its Athenos line of Greek yogurt, the company said on Thursday, exiting the fast-growing U.S. Greek yogurt market.

Kraft Foods Inc (>> Kraft Foods Inc) is discontinuing its Athenos line of Greek yogurt, the company said on Thursday, exiting the fast-growing U.S. Greek yogurt market.

Athenos, which also makes feta cheese, hummus and pita chips, discontinued the yogurt in March.

"Although we had a loyal following of Athenos Greek yogurt fans, we have decided to refocus our efforts on innovating new products for the Athenos brand," a Kraft spokesman said in a statement. "We know that this is very disappointing to consumers, and it was an extremely difficult decision for us to make."

Sales of Greek yogurt, which is thicker and has more protein than other yogurt, have soared in the United States in the last few years. The market is dominated by privately held Agro Farma, whose Chobani brand has about a 60 percent share.

Danone (>> DANONE) is second with 17 percent, followed by Greece-based Fage, and Yoplait owner General Mills (>> General Mills, Inc.).

Kraft Foods is preparing to split into two companies -- one focused on snack brands like Cadbury, Oreo and Ritz and one focused on grocery brands like Oscar Mayer, Maxwell House and Planters.

(Reporting By Martinne Geller in New York;editing by Sofina Mirza-Reid)

Stocks treated in this article : DANONE, General Mills, Inc., Kraft Foods Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DANONE
10/23 DANONE : Danone successfully launches a €1.25 billion hybrid bond issue - Early ..
10/21 DANONE : Want to lower your bladder infection risk? Drink more water
10/19 DANONE : Governor McAuliffe Announces Up to $60 Million Investment in Rockingham..
10/18DJDANONE : to Combine Functions of Chairman, CEO
10/18 FRANCK RIBOUD : Danone CEO Faber to also become chairman, replacing Riboud
10/18 DANONE : strengthens Corporate Governance and Management Organization
10/18 DANONE : Danone strengthens Corporate Governance and Management Organization
10/18 DANONE : Danone strengthens Corporate Governance and Management Organization
10/17 European shares slip from highs as results, commodities weigh
10/17DJDANONE : 3Q Sales Rise to EUR6.45 Billion
More news
News from SeekingAlpha
10/18 Danone ADR (DANOY) Presents 3Q17 Sales Call - Slideshow
10/17 Danone ADR reports Q3 results
10/05 Dannon drops deal with NFL star Newton after sexist comment
09/07 Danone (DANOY) Presents At Barclays Global Consumer Staples Conference - Slid..
08/22 Credit Suisse calls Kraft buyout of Danone a long shot
Financials (€)
Sales 2017 24 837 M
EBIT 2017 3 522 M
Net income 2017 2 063 M
Debt 2017 17 201 M
Yield 2017 2,59%
P/E ratio 2017 21,43
P/E ratio 2018 19,09
EV / Sales 2017 2,59x
EV / Sales 2018 2,43x
Capitalization 47 144 M
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | BN | FR0000120644 | 4-Traders
Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 74,2 €
Spread / Average Target 5,5%
EPS Revisions
Managers
NameTitle
Emmanuel Faber Vice Chairman & Chief Executive Officer
Franck Riboud Chairman
Cécile Cabanis CFO, Executive VP-Strategy & Information Systems
Jean Gaston Laurent Lead Independent Director
Benoît Potier Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DANONE16.81%55 550
NESTLÉ14.24%263 761
THE KRAFT HEINZ COMPANY-12.15%93 452
MONDELEZ INTERNATIONAL-7.47%61 843
ASSOCIATED BRITISH FOODS21.13%34 707
GENERAL MILLS, INC.-15.80%29 559