US dairy giant Dean Foods has reaffirmed its 2004 and long-term profit targets.
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Chief executive Gregg Engles said he still expects earnings per share to rise by 10-12% for the company’s fiscal 2004 year, and by 8-10% over the long term, reported Reuters.
Engles said he also expects the company, which is the largest US dairy processor, to continue to close factories in a bid to cut costs and improve profit margins.
