Deals
Dean Loses 53% as S&P’s Worst After Milk Deals Sour
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Dean Foods Co. Chief Executive Officer Gregg L. Engles built the nation’s largest dairy processor. Now he may have to start dismantling his creation.
Dean’s stock is off 53 percent this year, making it the worst performer in the Standard & Poor’s 500 Index. The Dallas- based company’s earnings are getting squeezed by big-box stores and supermarket chains looking for price concessions. At the same time, Dean is having to contend with big jumps in prices of commodities such as raw milk, butterfat, soybeans and sugar, Bloomberg Businessweek reports in its Dec. 13 edition.