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Dean Foods cuts 2014 profit forecast as raw milk costs soar
date:May 09, 2014
Dean Foods Co (DF.N), the largest U.S. milk processor, cut its full-year adjusted profit forecast after posting a surprise loss for the first quarter, as milk costs reached an all-time high and a severe winter hurt supply.

Shares of the company, which sells Meadow Gold and Dean's milk, fell as much as 6 percent on Thursday.

Dean Foods has been struggling to boost volumes amid tough competition and volatile commodity costs after it lost a contract with Wal-Mart Stores Inc (WMT.N) last year.

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12/25 22:32