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Dean Foods raises 2012 expectations for Fresh Dairy Direct operating income

The company said, "At Fresh Dairy Direct, last quarter we said we expected mid-to-high teens full year operating income growth. We expect the upside from the third quarter to more than offset the impact of higher than expected commodity costs and the effects of Hurricane Sandy in the fourth quarter. So, while we continue to expect fourth quarter Fresh Dairy Direct operating income to be down on a year-over-year basis, we have increased our full-year expectations for operating income to increase in the high-teens to twenty percent. The third quarters' outperformance has provided a bit of breathing room against this target as we navigate a more challenging commodity environment in the fourth quarter, giving us confidence in our ability to hit our full-year segment operating income target."