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WhiteWave Foods Reports Strong First Quarter 2014 Results

The WhiteWave Foods Company (the “ Company”) (NYSE: WWAV) today reported strong results for the first quarter ended March 31, 2014, driven by continued growth across all of the Company’s platforms.

     
Financial Summary: Three Months Ended March 31,
In millions, except EPS 2014     2013     % Change*
Net Sales $830 $608 +36%
Operating Income
GAAP $54 $42 +29%
Adjusted $64 $47 +35%
Net Income
GAAP $32 $24 +35%
Adjusted $39 $28 +40%
Diluted Earnings per Share (EPS)
GAAP $0.18 $0.14 +32%
Adjusted $0.22 $0.16 +38%
Adjusted, excluding China Joint Venture $0.22 $0.16 +40%
Shares Outstanding
Basic 174 173
Diluted 177 173
*Certain change percentages may not recalculate using the rounded dollar amounts provided
 

The Company reported first quarter 2014 adjusted diluted earnings per share of $0.22, a 40 percent increase compared to first quarter 2013, excluding investments associated with its China joint venture. Including joint venture investments, the Company also reported first quarter 2014 adjusted diluted earnings per share of $0.22.

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