Falling food input prices bode well for producers with limited global exposure, including Dean Foods and Hershey, an analyst said.» Read More
Shares of the maker of Meadow Gold and Dean's Milk were down 4.8 percent at $17.19 before the bell on Tuesday. The company forecast current-quarter adjusted earnings of 12- 22 cents per share, largely below the average analyst estimate of 22 cents per share, as it expects volumes to decline in "low-to-mid-single" digits. Net income attributable to the company was...
Feb 10- Dean Foods Co, the largest U.S. milk processor, reported a 4.3 percent rise in quarterly sales as demand for milk rose among health conscious U.S. customers. Net income attributable to the company rose to $5.3 million, or 6 cents per share, in the fourth quarter ended Dec. 31, from a loss of $37.7 million, or 40 cents per share, a year earlier. The year earlier results...
U.S. stock index futures signaled a higher open on Tuesday, as negotiations over Greece's bailout program continue to keep investors cautious.
Declines in dairy prices are cutting costs on cheesecake and chocolate bars, increasing profit margins and raising analyst ratings on related stocks.
WASHINGTON, Nov 17- The U.S. Supreme Court on Monday declined to hear Dean Foods Co's appeal over claims the business conspired to restrict competition for bottled milk in the southeastern United States, forcing the company to face an antitrust suit over the matter. The high court's refusal to intervene means a January ruling by the Cincinnati- based U.S. 6th...
Nordstrom bucked the trend of lower sales in department stores, while Cosi joined other restaurants in pointing to high food costs for its earnings miss.
Some of Monday's midday movers:
*3rd- qtr adj loss/shr $0.03 vs est $0.13. Nov 10- Dean Foods Co, the largest U.S. milk processor, forecast its first quarterly adjusted profit in a year, due to cost cuts and a steep fall in butterfat prices. Dean Foods said it expected a decline in production and distribution costs as a result of 12 plant closures and other cost-cutting measures.
Nov 10- Dean Foods Co, the largest U.S. milk processor, reported a quarterly adjusted loss that beat market estimates for the first time in seven quarters, sending shares up 10 percent in premarket trading. The average cost of raw milk rose about 24 percent, Dean Foods said, dragging the company to its fourth straight loss in the third-quarter ended Sept. 30.
Nov 10- Dean Foods Co, the largest U.S. Net sales rose 8 percent to $2.37 billion in the third quarter ended Sept. 30. Net loss attributable to the company was $16 million, or 17 cents per share, compared with a profit of $415.1 million, or $4.35 per share, a year earlier.
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More than a dozen food retailers have cited higher costs hurting results last quarter as prices for some staples, like cheese, soar.
Take a look at some of Monday's midday movers:
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