- WhiteWave Foods (NYSE:WWAV +4.1%) reports organic sales rose 8% in Q4.
- Segment sales: Americas Foods & Beverages: $764.82M (+18%); Americas Fresh Foods: $128.44M (-5%); Europe Foods & Beverages: $134.37M (+6%).
- Adjusted gross margin rate increased 80 bps to 34.2%.
- Adjusted operating margin rate improved 150 bps to 11.1%.
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Q1 Guidance: Net sales growth: +11% to +12% (+12% to +13% on a constant currency basis); Adjusted operating income growth: + Low double
digits %; Tax rate: high end of 33% to 34%; Adjusted diluted EPS: $0.23 to $0.24; Adjusted Diluted EPS Excluding China J.V.: $0.25 to $0.26.
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FY2016 Guidance: Net sales growth: +10% to 11% (+11% to 12% on a constant currency basis); Adjusted operating income growth: + mid to
high teens %; Tax rate: 33% to 34; Adjusted diluted EPS: $1.27 to $1.31; Adjusted Diluted EPS Excluding China J.V.: $1.33 to $1.37; Capital expenditure: ~$325M to $350M.