Dean Foods' (DF) WhiteWave Foods Files IPO; Says Q3 Sales Rose 13%

October 17, 2012 6:26 AM EDT
Dean Foods Company (NYSE: DF) today announced that its wholly-owned subsidiary The WhiteWave Foods Company has filed with the U.S. Securities and Exchange Commission ("SEC") an amendment to its pending registration statement relating to its proposed initial public offering. In conjunction with this filing, Dean Foods is announcing preliminary third quarter results for its WhiteWave-Alpro segment. For the three months ended September 30, 2012, WhiteWave-Alpro net sales are expected to have increased 13% to $598 million, from $531 million for the same period in 2011. The increase in net sales in the three months ended September 30, 2012, was driven by continued strong volume growth across the segment's coffee creamers and beverages and plant-based foods and beverages portfolios, led by product innovation and significant increases in marketing investments.

The Company anticipates reporting WhiteWave-Alpro segment operating income of $64 million for the three months ended September 30, 2012, an anticipated 22% increase from the $53 million reported in the same period in 2011.

The operations of The WhiteWave Foods Company will consist of Dean Foods' WhiteWave-Alpro business segment. A reconciliation is provided below between WhiteWave-Alpro segment results and The WhiteWave Foods Company results that are included in the amendment to the registration statement.

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