Whitewave Riding Wave of Growth From Acquisitions

Recent acquisitions drove double-digit revenue growth for WhiteWave Foods in the first quarter, the Denver-based natural and organic company announced.

The operator of brands such as Silk and Horizon Organic reported adjusted earnings of $48 million, or 27 cents per share, on revenue of $1.04 billion, up 15 percent from $911 million in revenue in the same quarter of 2015. For the year-ago period, earnings hit $39 million, or 22 cents per share.

Excluding acquisitions – such as the Vega nutrition bar brand and Wallaby, a producer of yogurts – White Wave's sales would have increased 8 percent.

The first-quarter results continue a stretch of sales growth for WhiteWave revenue quarter during the last three months of 2015.

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