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Dean Foods Co. said its fiscal third-quarter profit declined 6.5 percent because of a weak ice-cream business and higher interest and tax expenses.
The Franklin Park food processor said net income dropped to $17.2 million, or 43 cents a share, from $18.4 million, or 46 cents, a year earlier. Revenue for the quarter ended Feb. 26 rose to $665.9 million from $622.9 million.
For the first nine months, net income rose 14 percent, to $54.2 million, or $1.36 a share, from $47.7 million, or $1.20, a year earlier.
