ADVFN - Advanced Financial Network.
HOME» NYSE » D » DF Stock Price » DF Stock News

Dean Share News

 Dean Foods Co. Stock Price
DF Stock Price
 Dean Foods Co. Stock Chart
DF Stock Chart
 Dean Foods Co. Stock News
DF Stock News
 Dean Foods Co. Company Information
DF Company Information
 Dean Foods Co. Stock Trades
DF Stock Trades

Dean Foods 1Q Profit Down 41% Amid Lower Margins; View Raised

DOW JONES NEWSWIRES Dean Foods Co.'s (DF) first-quarter profit fell 41%, handily topping its forecast, as sales increased but margins slid and costs rose. The company raised its current-year earnings forecast to 67 cents to 75 cents a share from its earlier downbeat view of 55 cents to 65 cents. For the current quarter, it forecast per-share earnings of 15 cents to 20 cents, topping the 13-cent average forecast of analysts polled by Thomson Reuters. The biggest U.S. dairy processor and distributor by revenue was battered last year by heavy competition from private-label brands, as grocers discounted milk to lure consumers into their stores. It said Tuesday that pricing on private label milk will continue to hurt results throughout the first half of the year. The maker of Horizon Organic dairy products, Silk soy milk and International Delight coffee creamers reported a first-quarter profit of $25.3 million, or 14 cents a share, down from $43.2 million, or 24 cents a share, a year earlier. In February, the company had forecast earnings of 5 cents, well below Wall Street's then-estimates. Net sales rose 3% to $3.05 billion, falling short of the $3.07 Street estimate. Gross margin narrowed to 24.6% from 25.3%. Operating costs increased 2.6% while interest expenses jumped 12%. The fresh dairy direct segment, Dean Foods' largest business, saw profit drop 12% and sales rise 2%. Volume slid 3.8% amid a 2.4% drop in milk volume. At the WhiteWave-Alpro segment, which includes ice cream and yogurt as well as organic products, sales increased 7% and earnings rose 8.9%. Shares closed Monday at $10.98 and were inactive in recent premarket trading. Through the latest close, the stock is up 24% so far this year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; [email protected]

Stock News for Dean (DF)
01/12/201711:30:40Amended Statement of Ownership (sc 13g/a)
01/10/201718:30:33Initial Statement of Beneficial Ownership (3)
01/10/201718:19:08Initial Statement of Beneficial Ownership (3)
01/06/201717:06:22Current Report Filing (8-k)
01/04/201718:54:40Statement of Changes in Beneficial Ownership (4)
01/04/201718:51:56Statement of Changes in Beneficial Ownership (4)
01/04/201718:49:39Statement of Changes in Beneficial Ownership (4)
12/02/201617:44:18Statement of Changes in Beneficial Ownership (4)
11/22/201617:04:33Statement of Changes in Beneficial Ownership (4)
11/22/201617:01:31Statement of Changes in Beneficial Ownership (4)
11/15/201618:32:37Statement of Changes in Beneficial Ownership (4)
11/15/201618:30:13Statement of Changes in Beneficial Ownership (4)
11/15/201618:24:44Statement of Changes in Beneficial Ownership (4)
11/15/201618:21:12Statement of Changes in Beneficial Ownership (4)
11/15/201618:18:12Statement of Changes in Beneficial Ownership (4)
11/15/201616:05:00Dean Foods and CROPP Cooperative Form Joint Venture to Grow the...
11/10/201616:45:00Dean Foods® Named 2016 Dairy Category Captain By 'Progressive...
11/08/201620:36:00Dean Foods Declares Quarterly Dividend
11/07/201616:37:03Quarterly Report (10-q)
11/07/201610:30:00Dean Foods Looks Toward Volume Improvement

Dean Foods and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations