WhiteWave Foods has booked an increase in second-quarter adjusted earnings and sales, driven by broad-based growth across all business segments.
WhiteWave, which spun-off from Dean Foods earlier this year, said adjusted operating income rose 16% in the three months to 30 June, climbing to US$46m, up from $40m in the comparable period of last year. Adjusted net profit rose 28% to $28m in the quarter, WhiteWave added.
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The group said net sales in North America expanded by 10%, driven by volume growth across all platforms. The company benefited from low-double digit gains in plant-based foods and drinks, mid-single digit gains in premium dairy and low-double digit gains in coffee creamers.
WhiteWave also booked an increase in European sales, which rose 13% in the period, driven by product launches.
WhiteWave is pre-releasing its second-quarter results ahead of investor meetings this week. The company will provide more detailed commentary at the beginning of August.
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By GlobalData
