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.

If you liked this article you might like

Cramer: The Value of Overvalued Stocks

Danone Just Made a Killing for Selling Its U.S. Yogurt Business

Danone Gets DOJ Sign Off for Whitewave Deal

Danone Puts Stonyfield Up for Sale to Clear WhiteWave Deal

European Benchmarks Weighed Down by Miner and Industrials