Dean Foods: cuts its annual EPS target range
(CercleFinance.com) - On releasing its Q2 results, Dean Foods has said that it is lowering its adjusted FY EPS target range, now expecting between 32 cents and 52 cents.
Group CEO Ralph Scozzafava said that, excluding fresh dairy products the group is experiencing significantly higher than expected inflation.
The Dallas-based agri-food group posted adjusted EPS of 16 cents in continuing operations this quarter, against 21 cents last year, with revenues up 1% to 1.95 billion dollars.
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