US food maker Del Monte Foods has reported lower quarterly net income before adjusting for the 2002 purchase of several businesses from H J Heinz.

Del Monte posted net income of US$40.2m, or 19 cents a share, for the second quarter to 26 October, compared to net income of $52.4m, or 33 cents a share, a year earlier.

Second-quarter net sales rose to $811.6m from $471.7m a year earlier, mainly due to the additional brands.

Adjusted diluted earnings per share were 21 cents for the second quarter, compared to adjusted earnings of 21 cents a year earlier.

“This quarter’s performance was in line with prior year and, importantly, we continued our progress to build a unified company that will deliver superior on-going performance,” said CEO Richard G. Wolford.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData