Dairy, food and beverages company Dean Foods reported a 47.7% jump in its profit from continuing operations for the fourth quarter of 2017 to $49.5 million or $0.54 per share. However on an adjusted basis, EPS plunged 34.2% to $0.25 per share from $0.38 per share a year earlier.
Net sales plunged 4.1% to $1.93 billion year-over-year.
The company also announced its plan to execute an enterprise-wide cfost productivity program to secure incremental savings in 2018 and beyond. Dean Foods said it is in the advanced stages of designing and in some cases implementing the planned savings initiatives.
Outlook
For 2018, the company expects to deliver adjusted EPS in the range of $0.55 to $0.80. Additionally, it expects the first quarter earnings to be disproportionately lower than the fourth quarter of 2017. Dean Foods anticipates an increase in adjusted EPS as it moves through the year and into 2019.
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
