WhiteWave Foods Rallies on Strong Earnings Report

By Joe Duarte • May 10, 2016

Shares of Breakthrough Tech Portfolio component The WhiteWave Foods Company (WWAV) rallied in early market action on May 10th on the back of record setting earnings.  Revenues of $1.04 billion beat estimates of $1.02 billion while earnings of 24 cents were just below estimates. Adjusted earnings of 28 cents per share beat estimates of 26 cents per share. The company also affirmed its Q2 estimates at 29 to 31 cents per share and guided estimates higher for fiscal year to $1.38 to $1.41 per share for 2016.

WWAV is a leading healthy and organic food developer and manufacturer. The company leads the segment because of its ability to make its products both healthy and accessible through creative packaging and ease of use.   Its leading products include Horizon organic milk and Silk almond milk. 

We reiterate our buy rating for WWAV up to $44.

 

Disclosure: I own shares in WWAV.  

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C. Fisher

C. Fisher

Joe Duarte Just a note that may or may not be worth a look. WWAV recently purchased the Vega brand from VMG partners. VMG partners recently partnered with SZYM to make Terrabrands. SZYM makes the chlorella protein for Vega. SZYM has many more products that fit WWAV’s profile. And has recently attracted the attention of leading healthy and organic food developers and manufacturers.

Joe Duarte

Joe Duarte

Thanks for the note. I have been watching the whole complex for a few weeks now and agree with you. There may be more to come in this area.

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