Categories Earnings, Retail

Dean Foods’ stock gains despite wider loss in Q4

Dean Foods Company (DF) reported a higher-than-expected net loss for the fourth quarter of 2018 but revenues came in ahead of expectations. Shares rose 1.3% in premarket hours on Wednesday.

Net sales totaled $1.93 billion, relatively flat compared to the prior-year period.

Net loss attributable to Dean Foods Company was $260.1 million, or $2.85 per share. This compares to a net income of $52.3 million, or $0.57 per share, in the year-ago period. Adjusted EPS from continuing operations was $0.50.

Dean Foods said it has started a review of strategic alternatives to increase shareholder value. The alternatives might include, among others, the disposition of certain assets, the formation of a joint venture, a strategic partnership or even a sale of the company. As the company reviews these alternatives, it has decided to suspend financial guidance.

Dean Foods stock dips on weak Q3 earnings, guidance cut

Dean Foods stated that it has successfully refinanced credit facilities and also decided to suspend its quarterly dividend to enhance financial flexibility.

Capital expenditures totaled $47 million in the fourth quarter. Total outstanding debt at December 31, 2018 was approx. $887 million.

Dean Foods’ rival Campbell Soup Company (CPB) reported second-quarter 2019 results on Wednesday, with both revenue and earnings topping estimates.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top