Del Monte Foods reports fiscal results

Dec. 10, 2008
Del Monte Foods Company reported net sales for the second quarter fiscal 2009 of $901.0 million, compared with $808.2 million a year ago, an increase of 11.5%.

Del Monte Foods Company reported net sales for the second quarter fiscal 2009 of $901.0 million, compared with $808.2 million a year ago, an increase of 11.5%. Income from continuing operations was $27.3 million, or $0.14 earnings per share from continuing operations (EPS), versus $25.7 million, or $0.13 EPS in the previous year.

The company reported net sales for the first half of fiscal 2009 of $1.627 billion versus $1.435 billion a year earlier, an increase of 13.4%. Income from continuing operations was $19.3 million, or $0.10 EPS, in contrast to $27.4 million, or $0.13 EPS in the previous year.

"I am pleased with the company’s quarterly performance, particularly the continued strength of our topline," said Richard G. Wolford, chairman and chief executive officer of Del Monte Foods. "Net sales growth reflects the fact that we are seeing the increased benefit from our pricing actions, which importantly, together with productivity actions, offset continued cost increases in the second quarter."

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!