WhiteWave post 36% increase in 1Q revenue
Last Updated: 15:17 May 8, 2014
Broomfield-based WhiteWave (NYSE: WWAV) reported revenue of $830 million for the quarter compared with $608 million for the same period a year ago.
The company posted income of $32.4 million, or 19 cents per diluted share, for the quarter compared with $24 million, 14 cents per diluted share, for the same period a year ago.
The growth occurred across all of the company's platforms - plant-based foods and beverages, premium dairy, organic greens and produce, and coffee creamers and beverages.
"The strength of our results reflects impressive organic growth across our historical businesses, plus the strategic addition of Earthbound Farm to our portfolio," said Gregg Engles, WhiteWave's chairman and chief executive. "All of our brands delivered strong volume growth, which in turn fueled category expansion. Our China joint venture is progressing on-track, and we are excited about the opportunities that entry into this market provides."
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