Last $36.12 USD
Change Today +0.135 / 0.38%
Volume 737.6K
WWAV On Other Exchanges
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Exchange
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As of 3:58 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

whitewave foods co (WWAV) Snapshot

Open
$36.12
Previous Close
$35.98
Day High
$36.57
Day Low
$36.12
52 Week High
11/10/14 - $38.64
52 Week Low
02/5/14 - $21.92
Market Cap
6.3B
Average Volume 10 Days
1.6M
EPS TTM
$0.90
Shares Outstanding
174.4M
EX-Date
--
P/E TM
40.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for WHITEWAVE FOODS CO (WWAV)

whitewave foods co (WWAV) Related Businessweek News

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whitewave foods co (WWAV) Details

The WhiteWave Foods Company, a consumer packaged food and beverage company, manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, dairy, and organic greens and produce products in North America and Europe. It operates through two segments, North America and Europe. It provides plant-based foods and beverages products, including soy-, almond-, coconut-, hazelnut-, rice-, and oat-based products, such as Silk soymilk, Silk Almondmilk, Silk PureCoconut coconutmilk, and Silk soy yogurt; and soy, hazelnut, almond, rice and oat drinks, soy yogurt, desserts, soy cream, and margarine under the Alpro and Provamel brand names. It also offers coffee creamers and beverages comprising coffee creamers and iced coffee products under the International Delight and LAND O LAKES brands, as well as creamers under various brands, including Almond Joy, Cold Stone Creamery, Cinnabon, Dunkin Donuts, Hershey’s, and YORK. In addition, the company provides dairy products consisting of organic milks, yogurts, cheeses, creams, butters, and other dairy products under the Horizon Organic brand name; and aseptic single-serve flavored milks under the TruMoo brand name. Further, it offers organic greens and produce portfolio, including packaged salad greens, fresh and frozen fruits and vegetables, dried fruit, and produce-based snacks under the Earthbound Farm brand name; and selected products under private labels. The WhiteWave Foods Company markets its products to grocery stores, mass merchandisers, club stores, convenience stores, and health food stores, as well as to restaurants and foodservice outlets through its direct sales force, and independent brokers and distributors. The company is based in Denver, Colorado.

3,900 Employees
Last Reported Date: 09/16/14

whitewave foods co (WWAV) Top Compensated Officers

Chief Executive Officer and Chairman
Total Annual Compensation: $1.1M
President and Executive Vice President
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Executive Vice President and Chief Executive ...
Total Annual Compensation: $602.6K
Executive Vice President of Human Resources
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

whitewave foods co (WWAV) Key Developments

The WhiteWave Foods Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Updates Earnings Guidance for the Full Year of 2014

The WhiteWave Foods Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total net sales of $857,467,000 compared to $638,518,000 a year ago. Operating income was $73,347,000 compared to $42,140,000 a year ago. Income before income tax was $65,304,000 compared to $33,552,000 a year ago. Net income was $40,857,000 or $0.23 per basic and diluted share compared to $24,293,000 or $0.14 per basic and diluted share a year ago. Adjusted operating income was $81,745,000 compared to $54,326,000 a year ago. Adjusted Income before loss in investment in unconsolidated entity was $72,863,000 compared to $49,895,000 a year ago. Adjusted net income was $46,639,000 or $0.26 per diluted share compared to $33,838,000 or $0.19 per diluted share a year ago. Adjusted net income excluding joint venture activities was $48,867,000 or $0.27 per diluted share compared to $33,838,000 or $0.19 per diluted share a year ago. EBITDA was $100,853,000 compared to $58,584,000 a year ago. Adjusted EBITDA was $111,022,000 compared to $76,625,000 a year ago. Adjusted EBITDA excluding joint venture activities was $113,652,000 compared to $76,625,000 a year ago. For the nine months, the company reported total net sales of $2,525,617,000 compared to $1,823,854,000 a year ago. Operating income was $194,308,000 compared to $126,088,000 a year ago. Income before income tax was $168,674,000 compared to $116,433,000 a year ago. Net income was $107,624,000 or $0.61 per diluted share compared to $79,501,000 or $0.46 per diluted share a year ago. Net cash provided by operating activities was $168,116,000 compared to $115,319,000 a year ago. Payments for property, plant, and equipment were $209,337,000 compared to $103,144,000 a year ago. Adjusted operating income was $216,452,000 compared to $147,913,000 a year ago. Adjusted Income before loss in investment in unconsolidated entity was $194,336,000 compared to $134,266,000 a year ago. Adjusted net income was $125,115,000 or $0.70 per diluted share compared to $89,940,000 or $0.52 per diluted share a year ago. Adjusted net income excluding joint venture activities was $129,828,000 or $0.73 per diluted share compared to $89,940,000 or $0.52 per diluted share a year ago. EBITDA was $271,782,000 compared to $190,905,000 a year ago. Adjusted EBITDA was $312,766,000 compared to $217,187,000 a year ago. Adjusted EBITDA excluding joint venture activities was $318,918,000 compared to $217,187,000 a year ago. In the fourth quarter of 2014, management expects net sales growth to be in the low-thirties on a percentage basis, behind continued growth across all businesses and the inclusion of So Delicious' net sales for part of the quarter, offset by currency fluctuations and by organic milk supply constraints modestly softening growth expectations in the Premium Dairy platform. Management expects an adjusted total operating income percentage growth rate in the low to mid-forties for the fourth quarter of 2014, driven by continued strong volume growth, cost leverage and further progress on cost improvement and margin expansion initiatives. Management estimates its effective tax rate to range between 34 to 35% for fourth quarter 2014. For the fourth quarter of 2014, management expects adjusted diluted earnings per share to range between $0.26 to $0.27, inclusive of an expected approximately $0.02 earnings per share dilutive impact from higher interest expense related to the senior unsecured notes issuance, and excluding a reduction of approximately $0.03 diluted earnings per share from estimated China joint venture investments. The China joint venture is in the process of being commercialized and there are numerous factors that may impact the amount of WhiteWave's estimated investment in the fourth quarter. Management does not anticipate the recently completed acquisition of So Delicious to have a material impact to fourth quarter 2014 adjusted diluted earnings per share, as integration of this business to leverage operational efficiencies is in the very early stages. Interest expense for the fourth quarter of 2014 is expected to be approximately $40 million to $50 million, reflecting higher interest cost related to its notes issuance in the third quarter of 2014 For full year 2014, management now expects net sales growth in the low to mid-thirties on a percentage basis. Excluding Earthbound Farm, management expects net sales on an organic basis to increase approximately 8% in the fourth quarter, resulting in approximately 11% organic net sales growth for full year 2014. For full year 2014, management continues to expect adjusted total operating income growth in the mid-forties on a percentage basis. Management is updating and increasing its expectations for full year 2014 adjusted diluted earnings per share from between $0.98 and $1.00 to now be between $0.99 and $1.00, excluding investments in its joint venture in China, despite an expected dilutive impact of over $0.02 adjusted diluted earnings per share for full year 2014 related to higher interest expense as a result of the senior unsecured notes issued in the third quarter of 2014; thereby essentially increasing its full year guidance range by $0.03 and $0.02, respectively on a comparative basis. Management now anticipates the joint venture in China will result in a reduction of approximately $0.06 per diluted earnings per share in 2014, due to increased expenses and other investments related to the expected initial launch of products late in the fourth quarter. Management now projects capital expenditures will be approximately $280 to $290 million for the full year 2014, due in part to beginning projects originally planned for 2015 during the fourth quarter of 2014 to support stronger than anticipated growth. Timing of capital projects may vary and affect the amount of actual investments made in 2014. The company expects annual interest expense of around $36 million to $37 million.

The WhiteWave Foods Company to Report Q3, 2014 Results on Nov 10, 2014

The WhiteWave Foods Company announced that they will report Q3, 2014 results Pre-Market on Nov 10, 2014

The WhiteWave Foods Company, Q3 2014 Earnings Call, Nov 10, 2014

The WhiteWave Foods Company, Q3 2014 Earnings Call, Nov 10, 2014

 

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Industry Analysis

WWAV

Industry Average

Valuation WWAV Industry Range
Price/Earnings 50.1x
Price/Sales 2.0x
Price/Book 5.9x
Price/Cash Flow 49.3x
TEV/Sales 1.4x
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