WhiteWave Foods issued impressive earnings on Feb. 12, 2015, but executives also emphasized on various inventive product plans and initiatives to construct a new R&D unit to support future development.
Novel product launches scheduled throughout the year consist of frozen fruit and vegetable blends and cashew milk and ice cream, a renovated line of Silk branded yogurt from the recently acquired Earthbound Farm business of WhiteWave Foods. The new R&D unit is proposed to alleviate pressure, which has been building since WhiteWave Foods has developed and expanded via acquisition. The company leases a unit for its R&D at present.
The chairman and chief executive officer of WhiteWave Foods, Mr. Gregg Engles, stated in a conference call with securities analysts that they just required a bigger unit, and they required a greater capacity to actually manufacture product innovations in the R&D unit instead of trying to do it in a facility that was trying to function as better as it could to keep up with the demand, which they were witnessing in the marketplace.
For the year that ended on Dec. 31, 2014, WhiteWave Foods had generated US$140,185,000, which is equal to 81c for each share on the common stock, and an increment compared to the previous year where net income was valued at US$99,041,000, or 57c for each share.