Declines in dairy prices are cutting costs on cheesecake and chocolate bars, increasing profit margins and raising analyst ratings on related stocks.» Read More
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...
*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:
Aug 11- Dean Foods Co, the largest U.S. milk processor, withdrew its full-year profit forecast, saying raw milk prices remained "unpredictable and volatile."
Aug 11- Dean Foods Co said it was withdrawing its full-year forecast, citing record high milk costs. Dean Foods' shares fell as much as 8.3 percent in premarket trading on Monday. The company's net loss narrowed to $1 million, or 1 cent per share, in the second quarter ended June 30, from $57 million, or 61 cents per share, a year ago.
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