(Source: Datamonitor)
Dean Foods, a marketer of milk and a full range of related products, has reported a net income attributed to the company of $76.25 million, or $0.48 per diluted share, for the first quarter ended March 31, 2009, compared to $30.77 million, or $0.21 per diluted share attributed to the company, for the same quarter of 2008.
For the first quarter of 2009, net sales were $2.7 billion, down 12% compared to $3.1 billion for the same quarter of 2008. Gross profit was $758.69 million, compared to $688.57 million for the same quarter of 2008.
Gregg Engles, chairman and CEO of Dean Foods, said: "Clearly, the business was very strong in the first quarter, and we are off to a fast start in 2009. Both of our operating segments contributed to the strong results, and we continued to move forward on our strategic initiatives. The strong performance across the business drove consolidated adjusted operating income growth of 47% in the quarter.
"DSD Dairy, which has recently been renamed Fresh Dairy Direct, contributed to this strong result with operating income growth of 39% over the year ago period. WhiteWave-Morningstar also had a particularly strong quarter with operating income growth of 40% over the year ago period."
A service of YellowBrix, Inc.
