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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


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.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

 

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now