WhiteWave Foods (WWAV) Tops Q3 EPS by 1c; Bumps Low End of FY EPS Outlook

WhiteWave Foods (NYSE: WWAV) reported Q3 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $857 million versus the consensus estimate of $843.04 million.

WhiteWave Foods sees Q4 2014 EPS of $0.26-$0.27, versus the consensus of $0.28.

WhiteWave Foods sees FY2014 EPS of $0.99-$1.00, versus prior guidance of $0.98-$1.00 and the consensus of $0.99.

"We reported another quarter of strong financial results, with record net sales and strong operating performance leading to further earnings growth. Our organic net sales growth of 12 percent in the third quarter is the highest rate we achieved this year. Impressive results by our market-leading brands in North America and Europe powered another strong quarter as consumers across continents are increasingly looking for great-tasting, healthy and responsibly produced foods and beverages," said Gregg Engles, chairman and chief executive officer. "We executed on several strategic initiatives in the quarter with the acquisition of So Delicious to drive even further growth in our plant-based businesses, and an enhanced capital structure to support our continued growth plans. We enter the fourth quarter with strong growth momentum across all our businesses, positioning us to finish off 2014 with continued strong results, leading us to increase our full year EPS guidance."

For earnings history and earnings-related data on WhiteWave Foods (WWAV) click here.

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