KHC - Dean Foods: How Bad Is It?
Dean Foods (DF) today joined the limbo party hosted by Kraft Heinz (KHC):
Let's dig in.
What Happened?
Dean Foods announced full-year net loss from continuing operations of $3.63 per share and adjusted net loss from continuing operations of $0.47 per share.
The following table summarizes the company's operating results:
Key observations:
- Q4 gross profit was slashed by $64 million, or nearly 15 percent, from the year-ago quarter
- Year-over-year swing in adjusted income from continuing operations was mostly due to the gross profit drop
Management noted that the results "reflect rapidly