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WhiteWave Foods Reports Record Second Quarter 2014 Results

The WhiteWave Foods Company (NYSE:WWAV) today reported record results for the second quarter ended June 30, 2014, driven by continued growth across all platforms.
Financial Summary: Three Months Ended June 30,
In millions, except EPS 2014   2013   % Change*
Net Sales $838 $616 +36%
Operating Income
GAAP $67 $42 +59%
Adjusted $71 $46 +53%
Net Income
GAAP $34 $31 +10%
Adjusted $40 $28 +39%
Diluted Earnings per Share (EPS)
GAAP $0.19 $0.18 +8%
Adjusted $0.22 $0.16 +36%
Adjusted, excluding China Joint Venture $0.23 $0.16 +42%
Shares Outstanding
Basic 174 173
Diluted 178 174
*Certain change percentages may not recalculate using the rounded dollar amounts provided

WhiteWave reported second quarter 2014 adjusted diluted earnings per share of $0.23, a 42 percent increase compared to second quarter 2013, excluding investments associated with its China joint venture. Including joint venture investments, WhiteWave reported second quarter 2014 adjusted diluted earnings per share of $0.22.

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