WhiteWave Foods has reaffirmed its full-year forecast for adjusted profits after first-quarter results that saw underlying earnings increase.

On a reported basis, net profit in the three months to the end of March dropped 23% to US$24m as separation costs and other charges hit earnings at the Alpro owner. Operating profit in the period amounted to $42m, a 14% decline on last year due to higher supply chain costs. The company was spun off by Dean Foods in October.

However, excluding costs, adjusted earnings rose 20%. Adjusted operating profit was down 20%.

The company reaffirmed its full-year adjusted diluted EPS guidance of $0.68 to $0.72.

Sales were up 10% to $608m and up 9% on an adjusted basis. The adjusted number includes the impact of agreements that see Dean Foods still distribute WhiteWave products on sales in the first quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.