Dean Foods announces third quarter earnings expectation.Franklin Park Franklin Park, village (1990 pop. 18,485), Cook co., NE Ill., a suburb of Chicago; inc. 1892. It is chiefly residential. , Ill.--(BUSINESS WIRE)--March 13, 1995--Howard M. Dean, chairman and chief executive officer of Dean Foods Company, indicated that earnings for the third quarter ended February February: see month. 27, 1995, are expected to be within the range of $.41 to $.44 per share compared to $.46 per share reported in the third quarter last year. Actual results will be announced later this month. Dean said, "Total operating results before interest and taxes should exceed the third quarter of fiscal 1994. All product groups, except ice cream, are expected to exceed last year's results. Higher interest costs and increased taxes are the principal factors for the lower level of earnings. The tax provision will likely increase as a result of the sale of non-business related property during the quarter." Dean further commented, "Ice cream results for the third quarter are anticipated to be negatively impacted by continued competitive pressure on margins and costs associated with the introduction of a new product line, Guilt guilt, in psychology, a term denoting an unpleasant feeling associated with unfulfilled wishes. Sigmund Freud initially contended that sexual drives produce sense of guilt in the superego, the moral conscience of the mind. Free -- a non-fat, no sugar ice cream. The results for our ice cream group should improve with the seasonal increase in consumption. Interest costs will decline as cash flows in the fourth quarter reduce seasonal crop related borrowings." Dean concluded: "We anticipate strong fourth quarter performance from all of our operating groups. We are confident that the results for the fourth quarter of fiscal 1995 should meet or exceed the results of a year ago." CONTACT: Martin E. Janis JANIS Joint Army Navy Intelligence Studies & Company Inc., Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. Beverly Beverly, city (1990 pop. 38,195), Essex co., NE Mass., on Massachusetts Bay; inc. as a city 1894. Its chief manufactures are electronic and scientific equipment, consumer goods, and chemicals. Jedynak, 312/943-1100 |
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