Exhibit 99.1

 

LOGO

WHITEWAVE FOODS REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2013 RESULTS

 

    Q4 2013 Adjusted Diluted Earnings per Share Increases 22% to $0.22; Full Year 2013 up 23% to $0.74

 

    Q4 2013 Adjusted Net Sales Increases 11.5% to $679 Million Driven by Organic Volume Growth

 

    Q4 2013 Adjusted Operating Income growth of 27% to $61 Million, with Margin Expansion of 110 basis points

 

    Full Year 2014 Guidance of $0.90 to $0.94 Adjusted Diluted Earnings per Share, Excluding Estimated Investments in China Joint Venture

 

    Q1 2014 Guidance of $0.18 to $0.20 Adjusted Diluted Earnings per Share, Excluding Estimated Investments in China Joint Venture

 

 

DENVER, CO – February 13, 2014

– The WhiteWave Foods Company (the “Company”) (NYSE: WWAV) today reported strong results for the fourth quarter and full year ended December 31, 2013, driven by growth across all of the Company’s platforms.

 

Financial Summary:    Three Months Ended
December 31,
     Full Year Ended
December 31,
 
In millions, except EPS    2013      2012      % Change      2013      2012      % Change  

Total Net Sales

                 

GAAP

   $ 679       $ 608         +12%       $ 2,542       $ 2,289         +11%   

Adjusted

   $ 679       $ 609         +11%       $ 2,542       $ 2,306         +10%   

Operating Income

                 

GAAP

   $ 29       $ 46         -36%       $ 155       $ 180         -14%   

Adjusted

   $ 61       $ 48         +27%       $ 209       $ 173         +21%   

Net Income

                 

GAAP

   $ 18       $ 29         -39%       $ 97       $ 113         -14%   

Adjusted

   $ 39       $ 31         +24%       $ 129       $ 104         +24%   

Diluted Earnings per Share (EPS)

                 

GAAP

   $ 0.10       $ 0.17         -41%       $ 0.56       $ 0.73         -23%   

Adjusted

   $ 0.22       $ 0.18         +22%       $ 0.74       $ 0.60         +23%   

Diluted Shares Outstanding

                 

GAAP

     176         165            175         154      

Adjusted

     176         173            175         173      

The Company reported fourth quarter 2013 adjusted diluted earnings per share of $0.22, a 22 percent increase compared to fourth quarter 2012. For full year 2013, the Company reported adjusted diluted earnings per share of $0.74, representing a 23 percent increase compared to full year 2012.

Net sales for the fourth quarter of 2013 were $679 million, an 11 percent increase from adjusted net sales of $609 million in the fourth quarter of 2012. Net sales for the full year 2013 increased 10 percent to approximately $2.5 billion from $2.3 billion for the full year 2012. This growth has been primarily volume driven across the Company’s North America and Europe segments.


The following information was filed by Whitewave Foods Co (WWAV) on Thursday, February 13, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Whitewave Foods Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Whitewave Foods Co.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account