Dean Foods Co delivers record 2Q results
Aug 7, 2003 12:00 PM, from staff and wire reportsDean Foods Co, a Dallas TX-based distributor of dairy products, has announced record results for the quarter ended June 30, 2003. Net income for the second quarter totaled $83.8 million, compared with $73.2 million in the second quarter of 2002. Second-quarter net sales totaled $2.2 billion in 2003, a decline of 3% from second-quarter 2002.
“We are pleased with our performance and delivered earnings per share at the high end of our previously stated guidance,” said Gregg Engles, chairman and chief executive officer. “Our Dairy Group and Specialty segments continued to turn in outstanding results, and our strategic brand portfolio continues to grow at an impressive rate.”