After raising prices due to being confronted with higher costs for raw materials and energy, Danone, the world’s top yogurt maker, revealed in its first quarter report that it was raising its 2023 sales growth forecast after its first-quarter revenues came in higher than expected.

The maker of Activia yogurt, Aptamil infant milk, and Evian water now foresees like-for-like 2023 sales growth coming in between 4% and 6%, after previously predicting it would come in at 3% to 5% growth.

The forecast for recurring operating margin for the year was unhanged, as the company reiterated its prediction of a moderate improvement

Danone reported that sales were up 10.5% like-for-like, to 6.96 billion euros in the first quarter. That beat a a company-compiled consensus analysis of 18 analysts, whose expectations had previously been for a 7.3% growth rate.

All three businesses, Essential Dairy and Plant-based, Specialised Nutrition and Waters, had contributed to the growth, according to the report.