Higher costs hurt WhiteWave Foods earnings
Nov 30 (Reuters) - WhiteWave Foods Co, which was spun-off from Dean Foods Co last month, reported a decline in third-quarter earnings as the benefit from increased sales failed to offset higher costs.
WhiteWave Foods sells branded plant-based foods and beverages, coffee creamers and premium dairy products.
Operating costs and expenses rose to $172 million from $135.7 million a year earlier.
Earnings fell to 18 cents per share from 22 cents a year earlier. Sales rose 13 percent to $575 million.
Analysts believe that WhiteWave could be an attractive target for other food or beverage companies, including the likes of PepsiCo and Coca-Cola.
Shares of the company were down about 4 percent at $14.98 on Friday morning on the New York Stock Exchange.
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- China confirms near miss with U.S. ship in South China Sea
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- Target stores' customers hit by major credit card attack