DALLAS-Dean Foods Co., reports that its third quarter diluted earnings per share, excluding some one-time items, totaled $0.46, a decline of 12% compared to $0.52 reported in the third quarter of 2003. Adjusted net income totaled $74.3 million, an 11% decline from 2003.
The company blamed the decline on "significant cost inflation and volatility, as well as intense competition at the retail grocery level."