Trade with Eva: Analytics in action >>

Tuesday, August 6, 2019

=Dean Foods (DF) reported earnings on Tue 6 Aug 2019 (b/o)

Dean Foods misses by $0.19, misses on revs 

  • Reports Q2 (Jun) loss of $0.36 per share, excluding non-recurring items, $0.19 worse than the S&P Capital IQ Consensus of ($0.17); revenues fell 5.5% year/year to $1.84 bln vs the $1.88 bln S&P Capital IQ Consensus. The Company's second quarter results primarily reflect volume pressure associated with the overlap of certain customers exiting our system last year and an accelerated decline in the conventional white milk category. Dean Foods also experienced higher dairy commodity inflation, which it expects to significantly increase throughout the remainder of 2019.
  • The Company reported positive quarterly free cash flow in the second quarter driven by working capital management. However, given the Company's expectations for continued volume pressure and higher input costs, Dean Foods now expects to be a net user of cash for full year 2019.
  • No comments:

    Post a Comment