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Consumer Acceptance Of Plant-Based Dairy Products Boosts WhiteWave

November 9, 2015: 12:00 AM EST
Plant-based dairy company WhiteWave Foods, a spinoff of Dean Foods, is riding a trend of health-conscious shopping and nontraditional diets to increased profits. WhiteWave, maker of almond- and soy-based milk products like Silk, expects adjusted 4th quarter EPS of $0.34 to $0.35. The company also increased the full-year EPS guidance to $1.17 to $1.18 from $1.14-$1.17, beating consensus estimates of $1.15. WhiteWave cited cost leverage, higher productivity, improved commodity and other cost overlaps, and increased contributions from acquisitions as key drivers of better financial performance. Dean Foods, meanwhile, posted a 3rd quarter EPS of $0.30, up from a $0.03 loss year ago, thanks in part to a 30 percent decline in milk costs.
Bill Peters, "WhiteWave, Dean Foods Rise On Cheaper Milk, New Diets", Investor's Business Daily, November 09, 2015, © William O'Neil + Co. Incorporated
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