Danone's Q3 revenue rises at weakest pace in more than a decade

Zurich

DANONE, the world's biggest yogurt maker, reported the slowest third-quarter sales growth in more than a decade, missing analysts' estimates, amid a slowdown in baby food, traditionally one of the company's fastest-growing businesses.

Revenue increased 2.1 per cent on a like-for-like basis, the Paris-based company said in a statement on Tuesday. Analysts had expected growth of 2.4 per cent.