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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
