- Net sales: up 10% at $911m
- EPS beat analyst expectations
- Increases net sales and EPS outlook
WhiteWave Foods has increased its outlook for the full year on the back of stronger sales in its American and European Foods & Beverages businesses.
The Alpro owner said net income increased 3% against the same period last year to US$32m. Adjusted to strip out the effects of currency translation, this was flat at $39m. Earnings per share of 24 cents were reported, beating Wall Street expectations of 22 cents.
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Reported operating income increased 29% to $70m and adjusted, was up 17% to $75m.
Net sales were up 10% at $911m.
Management is increasing its net sales percentage growth expectations for full year 2015 to low-teens on a constant currency basis, and low-double digits on a reported basis. It had previously said it expected net sales percentage growth of "high-single to low-double digits" for 2015.
It is also increasing its full year 2015 adjusted diluted earnings per share outlook to $1.16 to $1.20 on a constant currency basis, up from $1.08 to $1.12 previously.
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