Dean Foods cuts 2014 profit forecast as raw milk costs soar
date:May 09, 2014
oods forecast an adjusted loss of 2-8 cents per share for the second quarter ending June 30.

The company posted a surprise loss for the first quarter as its raw milk costs rose and a severe winter hurt its school milk business.

Net loss attributable to the company was $9 million, or 9 cents per share, compared with a profit of $493 million, or $5.30 per share, a year earlier.

Excluding items, the loss was 5 cents per share.

Dean Foods said weather-related disruptions increased its costs by a
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