date:May 11, 2012
y attributed the results to stronger-than-anticipated growth across its other operating segments WhiteWave-Alpro and Morningstar Foods.
The company recorded first quarter total net sales of $3.2bn and net income of $37.9m for Q1 2012 an increase on the $25.3m recorded in Q1 2011.
Increased milk margin
As raw milk prices declined in Q4 of 2011 and again in Q1, retailers have been slow to reflect this in their private label pricing. The result has been an increase of more than $0.30 in the ma