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WhiteWave Foods Reports Fourth Quarter and Full Year 2016 Results

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  • Reported Net Sales Increased 3% & Adjusted Constant Currency Net Sales Increased 4% in Q4 2016
  • Reported Net Sales & Adjusted Constant Currency Net Sales Both Increased 9% in Full Year 2016
  • Reported Diluted Earnings Per Share Increased 30% to $0.34 in Q4 2016; Adjusted Constant Currency Diluted Earnings per Share Increased 13% to $0.40, Excluding China Joint Venture Investments in Q4 2016
  • Reported Diluted Earnings Per Share Increased 26% to $1.18 in Full Year 2016; Adjusted Constant Currency Diluted Earnings per Share Increased 19% to $1.42, Excluding China Joint Venture Investments in Full Year 2016

DENVER, Feb. 16, 2017 (GLOBE NEWSWIRE) -- The WhiteWave Foods Company (NYSE: WWAV) today reported financial results for the fourth quarter and year ended December 31, 2016.

 
Financial Summary:   Three Months Ended December 31,   Year Ended December 31,
In millions, except EPS   2016   2015   % Change*   2016   2015   % Change*
                         
Total Net Sales                        
Reported   $ 1,055   $ 1,028     +3 %   $ 4,198   $ 3,866     +9 %
Adjusted   $ 1,055   $ 1,028     +3 %   $ 4,198   $ 3,867     +9 %
Adjusted Constant Currency   $ 1,066   $ 1,028     +4 %   $ 4,228   $ 3,867     +9 %
Adjusted Organic Constant Currency   $ 1,062   $ 1,028     +3 %   $ 4,071   $ 3,867     +5 %
                         
Total Operating Income                        
Reported   $   108   $   92     +17 %   $   402   $   332     +21 %
Adjusted   $   112   $   114     -1 %   $   423   $   375     +13 %
Adjusted Constant Currency   $   118   $   114     +4 %   $   440   $   375     +17 %
                         
Net Income                        
Reported   $   62   $   48     +30 %   $   215   $   168     +27 %
Adjusted   $   66   $   62     +7 %   $   234   $   201     +16 %
Adjusted, excluding China J.V.   $   69   $   65     +7 %   $   245   $   214     +14 %
                         
Diluted Earnings per Share (EPS)                        
Reported   $   0.34   $   0.26     +30 %   $   1.18   $   0.94     +26 %
Adjusted   $   0.36   $   0.34     +6 %   $   1.29   $   1.12     +16 %
Adjusted, excluding China J.V.   $   0.38   $   0.36     +6 %   $   1.35   $   1.19     +14 %
Adj. Constant Currency, excluding China J.V.   $   0.40   $   0.36     +13 %   $   1.42   $   1.19     +19 %
               
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