Danone’s like-for-like sales growth exceeded market expectations in the third quarter, led by robust performance in its China, North Asia, and Oceania (CNAO) region.

The CNAO region outpaced the broader Danone group and other geographic segments in both sales growth and volume/mix improvements. CEO Antoine de Saint-Affrique said this contributed to “strong and consistent” overall growth.

Danone reported like-for-like sales rose 4.8% to €6.88 billion ($8 billion), surpassing analysts’ consensus of 4.3%. Barclays highlighted that this marks the company’s sixteenth consecutive quarter of sales growth above the 4% threshold.