Del Monte Foods Company (NYSE:DLM) has released the second quarter and fiscal year earnings for 2010. The company reported second quarter net sales growth of 6.4% attributed to solid unit volume gains and fiscal 2009 pricing actions net of elasticity. It’s EPS for the second quarter is $0.31 which includes the $0.05 of debt refinancing costs.
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The full financial report is available on the company’s investors website at http://investors.delmonte.com/. A webcast discussing the financial results, in addition to an accompanying slide presentation will also be available on the website. The webcast will be on the Events page.
Del Monte Foods Company (Del Monte) is a producer, distributor and marketer of branded food and pet products for the United States retail market. The Company operates in two segments: Consumer Products and Pet Products. The Consumer Products segment includes the Consumer Products operating segment, which manufactures, markets and sells branded and private label shelf-stable products, including fruit, vegetable, tomato and broth products. The Pet Products segment includes the Pet Products operating segment, which manufactures, markets and sells branded and private label dry and wet pet food and pet snacks. On October 6, 2008, Del Monte Corporation (DMC), a wholly owned subsidiary of the Company, sold Galapesca S.A., Panapesca Fishing, Inc. and Marine Trading Pacific, Inc. to Starkist Co.
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