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)

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
04/21 French stocks slip in flat European market as vote nears
04/20DJDANONE : Raises Guidance After Closing WhiteWave Buy
04/20 DANONE : raises 2017 EPS guidance after WhiteWave acquisition
04/20 DANONE : First-quarter 2017 sales
04/20 DANONE : Danone upgrades its 2017 guidance to double-digit recurring EPS growth..
04/19 WHITEWAVE FOODS : United States V. Danone S.A. and the Whitewave Foods Company; ..
04/19 DANONE : Farmer's Fridge will expand its salad vending machines regionally
04/15 DANONE : Seals whitewave deal
04/14 DANONE : finalise le rachat de l’américain The WhiteWave Foods
04/13DANONE SA : quaterly sales release
More news
Sector news : Food Processing - NEC
04/25 Nestle to cut almost 300 UK jobs, move some production to Poland
04/25DJNestle to Cut Nearly 300 Jobs at U.K. Plants, Move Production to Poland
04/25 Fresenius picks up M&A pace with Akorn, Merck KGaA deals
04/24DJMediaLink Taps Mondelez's Dana Anderson as Marketing Chief
04/22 Exclusive - Vomitoxin makes nasty appearance for U.S. farm sector
More sector news : Food Processing - NEC
News from SeekingAlpha
04/10 FOCUS ON EUROPE : Will An Akorn - Fresenius Deal Pass Anti-Trust Scrutiny?
04/06 WhiteWave-Danone deal closing expected within days
04/04 WALL STREET BREAKFAST : Compromise Over Healthcare?
04/04 DOJ clears Danone-Whitewave deal
04/03 REPORT : WhiteWave's sale to Danone to be approved today
Advertisement
Financials (€)
Sales 2017 26 040 M
EBIT 2017 3 585 M
Net income 2017 2 086 M
Debt 2017 17 141 M
Yield 2017 2,82%
P/E ratio 2017 19,05
P/E ratio 2018 16,52
EV / Sales 2017 2,26x
EV / Sales 2018 1,99x
Capitalization 41 748 M
More Financials
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | BN | FR0000120644 | 4-Traders
Full-screen chart
Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 69,1 €
Spread / Average Target 8,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Emmanuel Faber Vice Chairman & Chief Executive Officer
Franck Riboud Chairman
Cécile Cabanis Chief Financial Officer
Jean-Philippe Paré Executive Vice President-Research & Development
Bruno Bonnell Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DANONE5.73%45 361
NESTLE SA3.63%241 508
KRAFT HEINZ CO6.00%112 658
MONDELEZ INTERNATIONAL..2.39%69 197
GENERAL MILLS, INC.-5.88%33 497
ASSOCIATED BRITISH FOO..4.88%29 166
More Results