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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:10 EDTDFDean Foods sees Q1 adjusted EPS about breakeven, consensus 28c
"We expect the first half of 2014 to be particularly difficult as we battle the RFP driven volume losses and the associated margin pressures we experienced primarily late in the second quarter and early third quarter of 2013. We will not fully lap these impacts until the second half of the year, which will make for a very tough first half comparison, particularly in Q1. We expect our first quarter will be our most difficult quarter of this year as we chase the current all-time high Class I commodity environment, overlap the full brunt of the RFP driven volume losses and margin pressures, and continue to work through the transitory costs associated with our accelerated plant closure agenda. All in, we expect first quarter adjusted diluted earnings per share to be approximately break-even with 3c of potential risk or benefit implied. We expect our performance to improve throughout the year as we adjust to offset inflation, volume from new business flows into the system and our cost reduction initiatives continue to gain momentum."
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