DEL MONTE CORPORATION REPORTS FISCAL 2014 FIRST QUARTER RESULTS
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- Published: 2013-12-10
- File Format: PDF
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- Size: 357.44K
- Language: English
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Introduction
Del Monte Foods today reported net sales for the first quarter fiscal 2014 of $823.9 million compared to $821.1 million for the three months ended July 29, 2012, an increase of 0.3%. The increase was driven by list pricing actions net of trade spend (“net pricing”), primarily in Pet,largely offset by volume declines for existing products (including pricing elasticity). In addition, sales associated with the acquisition of Natural Balance Pet Foods, Inc. (“Natural Balance”) in mid-July contributed to the increase in net sales.
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