DALLAS, TX
Dean Foods released the financial results for the first quarter of Fiscal Year 2015, revealing improved operating results, which the company contributes to price realization, and solid execution in what it called an “easing commodity environment” for its third consecutive quarter.
"I'm very pleased with the progress we have made over the last several quarters in support of our long-term, sustainable business model,” Chief Executive Officer Gregg Tanner said in the report.
Highlights for the first quarter included:
“This past quarter, we continued to deliver sequential improvements to our operational and financial results, and we recapitalized our balance sheet to provide the organization with significant flexibility going forward,” Tanner commented in the reports, adding that the company is proud of its launch of its DairyPure®, which is reportedly the country's first and largest fresh, white milk national brand, intended to provide additional benefits to consumers, as well as Dean Foods’ category, customers, and company.
The company plans to maintain an innovative track record. Tanner stated that the expectation of volume declines to low single digits, and taking normal seasonality and other factors into account, Dean Foods anticipates its second quarter adjusted diluted earnings to fall between $0.20 and $0.30 per share.
