The WhiteWave Foods Co. reported strong first quarter 2013 results.
The company reported first quarter 2013 adjusted diluted earnings per share of $0.16, a 20 percent increase compared to first quarter 2012, despite a higher tax rate. Adjusted net sales for the first quarter of 2013 increased 9 percent to $608 million, compared to adjusted net sales of $557 million in the first quarter of 2012, primarily driven by volume growth across all of the company’s brands. Consolidated adjusted operating income for the first quarter of 2013 totaled $47 million, representing an increase of 20 percent compared to $39 million in the first quarter of 2012, despite ongoing higher supply chain costs.
“All of our platforms have started the year on very strong footing, with volume growth across all of our categories driving our robust top line performance in the first quarter. Consumers continue to be interested in natural, nutritious, and great tasting products that are responsibly produced. We believe that our on-trend, leading brands, outstanding marketing and best-in-class new products will continue to support our success,” said Gregg Engles, chairman and chief executive officer in a prepared statement.