WhiteWave Foods Reports Preliminary Second Quarter 2013 Results

The WhiteWave Foods Company (the “ Company”) (NYSE: WWAV) today announced the following preliminary second quarter 2013 results.
Financial Summary:     Three Months Ended June 30,
In millions, except EPS 2013     2012     % Change
Net Sales
GAAP $616 $554 +11%
Adjusted $616 $558 +10%
 
Operating Income
GAAP $42 $42 -1%
Adjusted $46 $40 +16%
 
Net Income
GAAP $31 $26 +18%
Adjusted $28 $22 +28%
 
Diluted Earnings per Share (EPS)
GAAP $0.18 $0.18 +2%
Adjusted $0.16 $0.13 +28%
 
Diluted Shares Outstanding
GAAP 174 150
Adjusted 174 173
 

The Company anticipates reporting second quarter 2013 adjusted diluted earnings per share of $0.16, a 28 percent increase compared to second quarter 2012. Net sales for the second quarter of 2013 are anticipated to be $616 million, a 10 percent increase from adjusted net sales of $558 million in the second quarter of 2012, driven primarily by volume growth across both the Company’s North America and Europe segments.

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