Dean Foods raises e.p.s. guidance
June 25, 2008
by FoodBusinessNews.net Staff
DALLAS — Dean Foods Co. announced its second-quarter earnings will be at least 32c per share, exceeding the previously issued guidance of 26c to 31c per share.
"Our DSD Dairy business is performing particularly well in the second quarter," said Gregg Engles, chairman and chief executive officer. "Our team’s efforts to reduce the cost of production and distribution, combined with effective management of the pass through of increased dairy commodity and energy costs through this inflationary period is resulting in a strong overall performance in the second quarter. As a result, we are increasing our guidance for the second quarter and reaffirming our full-year guidance for at least $1.20 per share in adjusted earnings."