- WhiteWave Foods (NYSE:NYSE:WWAV) reports organic sales rose 10% in Q1, excluding results of So Delicious.
- Segment sales: Americas Foods & Beverages: $640.73M (+15%); Americas Fresh Foods: $139.65M (-4%); Europe Foods & Beverages: $130.77M (+4%).
- Adjusted gross margin rate increased 93 bps to 33.84%.
- Adjusted operating margin rate improved 48 bps to 8.20%.
- Q2 Guidance: Net sales growth: high-single to low-double digits % (low-teens on a constant currency basis); Adjusted operating income growth: low-teens %; Interest expense: $14M to $16M; Adjusted diluted EPS: $0.21 to $0.23; Adjusted Diluted EPS Excluding China J.V.: $0.23 to $0.25; Interest Neutral Adj. Diluted EPS Excluding China J.V.: $0.25 to $0.27.
- FY2015 Guidance: Net sales growth: low-double digits % (low-teens on a constant currency basis); Adjusted operating income growth: high-teens %; Interest expense: ~$54M to $57M; Tax rate: ~35%; Adjusted diluted EPS: $1.03 to $1.07; Adjusted Diluted EPS Excluding China J.V.: $1.10 to $1.14; Interest Neutral Adj. Diluted EPS Excluding China J.V.: $1.16 to $1.20; Capital expenditure: ~$325M to $350M.