During Tuesday’s Morning trade, Shares of White Wave Foods Co (NYSE:WWAV), lost -2.07% to $42.50.
The White Wave Foods Company, stated record results for the third quarter ended September 30, 2015.
White Wave stated third quarter 2015 adjusted diluted earnings per share of $0.33, not taking into account operating costs associated with its China joint venture. Counting joint venture costs, White Wave stated third quarter 2015 adjusted diluted earnings per share of $0.31.
Adjusted net sales for third quarter 2015 were $1.0 billion, a 17 percent improvement from net sales of $857 million in third quarter 2014. These strong results were driven by growth across all segments, in addition to contributions from acquisitions. On a constant currency basis, adjusted net sales raised 20 percent in third quarter 2015 over the same period in 2014. Not Taking Into Account acquisitions, adjusted organic constant currency net sales raised 11 percent in third quarter 2015 over the same period in 2014.
Adjusted operating income for third quarter 2015 raised 25 percent to $102 million, contrast to $82 million in third quarter 2014. On a constant currency basis, adjusted operating income raised 31 percent in third quarter 2015 over the same period in 2014.
Our strong growth momentum in the first half of the year accelerated in the third quarter, with 17 percent sales growth resulting in our first ever quarter of sales over a billion dollars, said Gregg Engles, chairman and chief executive officer. Our market leading brands and industry leading innovation continue to drive strong organic growth across our businesses resulting in 11 percent adjusted organic constant currency net sales growth in the quarter. We also continued to execute on our planned initiatives by closing on our Vega and Wallaby acquisitions, and plannedally modified our credit facility to support our continued growth plans. Our focus remains on changing the way the world eats for the better, while delivering outstanding growth in sales and profits to our investors.
The WhiteWave Foods Company, a consumer packaged food and beverage company, manufactures, markets, distributes, and sells branded plant-based foods and beverages, salads, fruits and vegetables, coffee creamers and beverages, and dairy products and organic produce in North America and Europe.
Shares of Vipshop Holdings Ltd (NYSE:VIPS), declined -5.17% to $19.81, during its current trading session.
Vipshop Holdings Limited, declared that it plans to release its third quarter 2015 financial results on Tuesday, November 17, 2015 after market close. The Company will hold a conference call on Wednesday, November 18, 2015 at 8:00 am Eastern Time or 9:00 pm Beijing Time to discuss the financial results.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories compriseing of belts, jewelry, watches, and glasses for women and men.
Finally, Shares of American Express Company (NYSE:AXP), lost -0.26%, and is now trading at $73.22.
American Express and the National Trust for Historic Preservation, declared $1 million in funding to support the restoration and preservation of five National Treasure sites, in or adjacent to National Parks. National Treasures are endangered buildings, neighborhoods, communities and landscapes that reveal the vibrancy of the American story.
These grants complement a $5 million commitment made earlier this year by American Express to improvement volunteerism and encourage people of all backgrounds to rediscover their parks – particularly in urban areas. These accessible sites represent a unique perspective on the American experience.
“The parks receiving these generous grants from American Express reflect important chapters in our nation’s rich history, from Negro League Baseball to architectural Modernism, and the railroad boom to the Civil Rights Era,” said Stephanie K. Meeks, president and CEO, National Trust for Historic Preservation. “American Express’ timely support of these preservation projects at such diverse places will give more Americans access to appreciate these National Treasures for generations to come.”
American Express Company, together with its auxiliaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services.