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TheStreet Open House

Dean Foods Surges on Improved Outlook

Stocks in this article: DF

Tyson Foods (TSN - Get Report), which said Monday that rising feed costs offset higher prices leading to flat year-over-year earnings in its recent quarter, raised prices for chicken, beef and pork as global grain costs surged.

Sara Lee (SLE), Starbucks (SBUX - Get Report), ConAgra Foods (CAG - Get Report), Kellogg (K - Get Report) and Coca-Cola (KO - Get Report) have all said recently their financial results were impacted by higher commodity costs, and implemented price increases to help offset those costs.

Dean Foods' net income in the recent quarter came to $25 million, or 14 cents per share, down from $43 million, or 24 cents per share, in the year-earlier period. Total revenue grew 3% to $3.05 billion, from $2.96 billion.

Analysts expected Dean Foods to report a first-quarter profit of $10.1 million, or 6 cents per share, on revenue of $3.07 billion.

-- Written by Miriam Marcus Reimer in New York.



>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to http://twitter.com/miriamsmarket.

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