Investors Buy These 2 Stocks Following Earnings Releases
Dean Foods Company’s (NYSE:DF) fourth quarter loss narrowed, beating estimates. Loss narrowed to $10.5 million (loss of 5 cents per diluted share) from $20.7 million (loss of 11 cents per share) in the same quarter a year earlier. Revenue rose 4.5% to $3.3 billion from the year earlier quarter. Dean Foods Company reported adjusted net income of 27 cents per share. By that measure, the company beat the mean estimate of 23 cents per share. Analysts were expecting revenue of $3.34 billion.
“2011 was a year of transition for Dean Foods, and we exited the year much stronger than we entered it,” said Gregg Engles, Chairman and CEO. “After two years of significant pressure on the fluid milk business, our continued efforts to reduce costs and the stabilization of milk costs led to a return to year-over-year profit growth in the fourth quarter at Fresh Dairy Direct. WhiteWave-Alpro posted another quarter and year of solid top and bottom-line growth, driven by strong brands, marketing and innovation in growing categories. Excluding the estimated impact of our divestiture of our private label yogurt business, our Morningstar segment delivered fourth quarter results on par with a year ago, closing out a solid year of growth. On a consolidated basis, results improved as the year progressed and we finished the year with strong fourth quarter consolidated adjusted operating income growth.”
Competitors to Watch: Lifeway Foods, Inc. (NASDAQ:LWAY), Tofutti Brands Inc. (AMEX:TOF), Synutra Intl., Inc. (NASDAQ:SYUT), Smart Balance, Inc. (NASDAQ:SMBL), Mead Johnson Nutrition CO (NYSE:MJN), Wimm-Bill-Dann Foods OJSC (NYSE:WBD), Pepsi (NYSE:PEP), Coca-Cola (NYSE:KO), Kraft (NYSE:KFT), Kellogg (NYSE:F), ConAgra (NYSE:CAG) and The Hain Celestial Group, Inc. (NASDAQ:HAIN).
Dr Pepper Snapple Group Inc. (NYSE:DPS) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the soft drink company rose to $166 million (77 cents per share) vs. $112 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 48.2% from the year earlier quarter. Revenue rose 3.5% to $1.46 billion from the year earlier quarter. Dr Pepper Snapple Group Inc. reported adjusted net income of 82 cents per share. By that measure, the company beat the mean estimate of 74 cents per share. Analysts were expecting revenue of $1.45 billion.
DPS President and CEO Larry Young said, “As I look back on a year of unprecedented commodity and retail price increases, I am pleased with the performance of our brands. Our national rollout of Dr Pepper TEN has been well received by our bottling partners, retailers and consumers and I am excited about the marketing plans we have in place in 2012 for this breakthrough product. Sun Drop is now the No. 2 brand in the citrus category, driving 43% of the growth in that category. Our tea and juice portfolios continued to outperform industry trends.”
Competitors to Watch: The Coca-Cola Company (NYSE:KO), PepsiCo, Inc. (NYSE:PEP), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola Enterprises Inc. (NYSE:CCE), Cott Corporation (NYSE:COT), Jones Soda Co. (NYSE:USA) (NASDAQ:JSDA), National Beverage Corp. (NASDAQ:FIZZ), Celsius Holdings, Inc. (NASDAQ:CELH), Reed’s, Inc. (NASDAQ:REED), and Heckmann Corporation (NYSE:HEK).
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