Filed under: Forecasts, Bad news, Consumer experience, Competitive strategy, Dean Foods (DF), Agriculture

The news just continues to be “decidedly less than stellar,” (to put it diplomatically), regarding Dean Foods Co.’s (NYSE: DF) business execution.

Dean Foods cut its full-year EPS estimate to about $1.25 versus the Reuters consensus estimate of $1.47 — citing a consumer pull-back prompted by rising dairy prices at the retail level.

If was the second time this year that Dean Foods had cut full-year earnings estimates. In a statement, CFO Jack Callahan said the company expects an oversupply of organic milk to continue to affect results for the balance of this year and into at least the first half of 2008. In addition, overall sales have softened as consumers adjusted their consumption habits to cope with record-high food prices, Callahan said.

Continue reading Dean Foods (DF) cuts earnings guidance, again

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This entry was posted on Tuesday, October 2nd, 2007 at 3:32 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.