Tuesday, May 10, 2016

WhiteWave Foods Earnings

Today WhiteWave Foods(WWAV) reported Q1 EPS of $0.24 on revenues up 14% to 1.04 billion. The company saw strong growth across its portfolio of products and especially in the American and European segments. The company updated it's adjusted EPS guidance from $1.38-$1.41 to $1.42-$1.45 for 2016.  The shares are up over 5% this morning. Here is what CEO Greg Engles had to say.

“We are off to a very good start in 2016, delivering results ahead of our expectations with healthy topline growth and operating performance,” said Gregg Engles, chairman and chief executive officer. “Our robust organic constant currency sales growth in the first quarter was driven by strong growth across our legacy platforms in traditional retail outlets, along with increasing contributions from away-from-home channels and our growing international presence. Our Vega and Wallaby acquisitions also continued their robust growth trends, positively impacting our results as well. Our strong start to the year has led us to increase our guidance for full year 2016.”

No comments :

Post a Comment