- WhiteWave Foods (NYSE:NYSE:WWAV) reports organic sales rose 11% in Q4, excluding results of Earthbound and So Delicious.
- Segment sales: Americas Foods & Beverages: $648.04M (+14%); Americas Fresh Foods: $135.67M; Europe Foods & Beverages: $127.28M (+15%).
- Adjusted gross margin rate fell 173 bps to 33.34%.
- Adjusted operating margin rate improved 56 bps to 9.56%.
- FQ1 Guidance: Net sales growth: high single digits %; Adjusted operating income growth: mid single digits %; Interest expense: $9M to $10M; Adjusted diluted EPS: $0.17 to $0.19; Adjusted Diluted EPS Excluding China J.V.: $0.20 to $0.22; Interest Neutral Adj. Diluted EPS Excluding China J.V.: $0.22 to $0.24.
- FY2015 Guidance: Net sales growth: high single to low double digits %; Adjusted operating income growth: mid teens to high teens %; Interest expense: ~$55M to $58M; Adjusted diluted EPS: $1.01 to $1.05; Adjusted Diluted EPS Excluding China J.V.: $1.08 to $1.12; Interest Neutral Adj. Diluted EPS Excluding China J.V.: $1.14 to $1.18; Capital expenditure: ~$325M to $350M.