Del Monte Foods Co. (DLM)

[Homard]

Del Monte FY09 Net Sales Grow 14.1%
Published:14-June-2009

By Staff Reporter

Net sales driven by pricing actions and new product volume across the portfolio



Related Companies
Del Monte Foods Company
H.J. Heinz Company
Suppliers to this Sector
Sopheon
Sopheon is an international provider of product li ...
Ciba Expert Services
Expert Services delivers a diverse range of techni ...
Suppliers Free White Papers
Generate Higher Returns from Innovation
b2b2b2a3-e296-4598-83ad-1874c336e5a9Generate Higher Returns from Innovation
During an economic downturn, many companies slow t ...
Del Monte Foods has reported net sales for fiscal 2009 of $3.62 billion, for its 53-week fiscal year ended May 3, 2009, compared to $3.17 billion, for its 52-week fiscal year ended April 27, 2008, an increase of 14.1%.

Income from continuing operations for fiscal 2009 was $147.7m, or $0.74 earnings per share, compared to $117.7m, or $0.58 earnings per share in the previous year.

The 14.1% increase in net sales was driven primarily by pricing actions, as well as new product volume across the portfolio. These gains were partially offset by existing volume declines in Consumer Products. For fiscal 2010, the company expects net sales growth of 4% to 6% over fiscal 2009 net sales of $3.62 billion.

The company has reported net sales of $1.05 billion for its 14-week quarter ended May 3, 2009, compared to $875.8m for its 13-week quarter ended April 27, 2008, an increase of 20.7%.

Income from continuing operations for the quarter was $68.8m, or $0.35 earnings per share from continuing operations, compared to $40.7m, or $0.20 earnings per share in the same period previous year.

Richard Wolford, chairman and CEO of Del Monte Foods, said: "The company’s strong fiscal 2009 results are a testament to the actions we have taken over the last several years to upgrade our portfolio and increase our competitiveness. These efforts culminated in the implementation and execution of the Accelerated Growth Plan in fiscal 2009 and drove our solid financial performance.

"Similar to fiscal 2009, we will continue to invest behind our core brands and key growth engines, as well as execute against our pricing and productivity strategic initiative. We are strongly committed to driving topline growth and shareholder value and our fiscal 2009 performance and outlook for fiscal 2010 give us the confidence that we will achieve these goals."

[PinewoodsBear]

Correction...

SLC should be SCL.... sorry about the typing error.
Note that their chems. are used in soap and other consumer goods that are apart of daily living... and their on going entry into the Asian markets.
***PinewoodsBear***

[PinewoodsBear]

I originally bought Del Monte Foods when it was called the California Packing Co. and Del Monte was their main brand name. It was one of those slow but steady companies. Slowly increasing their dividends and earnings which sometimes took a dip when they tried to expand their horizons... like making their own cans at one time. After they changed their named to Del Monte Corp. they got bought out by General Foods, the maker of Jello and Minute Maid Rice and lots of well known other brands... they made the price of Del Monte Corp jump about 45% when that happened. You could take a combo of all cash, all stock or 50% each. I opted to take all stock of Gen. Foods because I liked the co and for tax reasons. Then in a year or so General Foods was bought out by Kraft Foods.... which in turn was taken over by Phillip Morris . Since I did not want to be a owner of a tobacco stock I sold ... but catching that multiple buy out can increase your wealth in short order.
Mentioned this because sectors catch fire after years of slowly improvement in earnings and dividends but litter recognition in the stock prices. All it takes is one sudden over the week end merger and every stock in that sector gets new attention. Back in the mid 1990's this happened to the sleepy Gas Utility sector. Nicor and Nisource bought out smaller companies as did the old Brooklyn Union.
This action often happens to a sector not only slowly improving that gets no respect from the markets but is most likely to happen when we are at the beginning of coming out of a market bottom.... beginning to sound familiar ?
Very often the best of breed in the sector gets taken over first... but not always. Since the deals have a nasty habit of being announced over the weekend before the market opens.... you normally have to already owned them to get the best percentage gain... although buying quickly at the start of the market --- even though you might pay more.... can still give you a pretty good percentage gain. The ploy is not to be complacent. After you get your quick profit then check out the competitors and take you profits and spread it around the two or three most likely candidates that might get taken over also. NOTE... only do this if you like them long term on their own merits because sometimes it takes a while for the next merger to happen. With the two examples named in the Food and then Gas Util. the merger process happened over a two to three year period. Noted only because there had been almost no mergers at all for quite a while before then in these sectors.

Coming out of this bottom and number of industries look promising on their own merits but also could be ripe for the merger game... one of the is the specialty chemical business since so many of these firms are midsize. So do your own research since it is your money and not mine. Here are a few stock symbols to help you out and get started... ALB, EMN, FUL, SLC, KWR, and many more out there to be discovered.
***PinewoodsBear***

[NewMoney]

Today we get the "Cramer" effect. He did a segment of his
show on DLM yesterday. But I agree with him, wait until AFTER
the Cramer effect wears off. Buy this as close as possible
to $7.00 from this point.

GLTA

~NM

[NewMoney]

Still long this company. It's been a good play so far. EOM

[dragon man]

i like the company buy did have ANY MONEY TO INVEST WITH.

[NewMoney]

Still going up and nobody knows but me. tee hee heee.

[NewMoney]

Del Monte Implements i2 Solutions for Sales and Operations Planning Processes
Solution aggregates and analyzes data from across the organization to provide accurate visibility to demand

DALLAS, Dec 08, 2008 (BUSINESS WIRE) -- i2 Technologies, Inc.
ITWO (6.46, +0.19, +3.0%) announced today that long-time customer Del Monte Foods (DLM:del monte foods co com
has implemented new sales and operations planning (S&OP) processes with i2 solutions. Del Monte is one of the country's largest producers, distributors and marketers of premium branded food and pet products.

"By pulling together the data from across our organization: demand planning, sales, marketing, production planning, and finance, we can increase visibility and forecast our demand with better accuracy," said Marc Brown, CIO, Del Monte Foods. "With improved forecast accuracy capabilities, we are able to ensure that retailers receive the appropriate supply in accordance with demand. This is an important step to help better serve our customers and the consumers of our products while minimizing inventory costs."

Del Monte uses trade promotion and select retailer data together with i2 Demand Manager to provide a continuous and tightly integrated process to predict demand better at their customers' locations. The solution is based on i2's rich heritage from helping hundreds of market-leading companies build a best practice process and software solution for managing consumer demand.

"Thought leaders such as Del Monte understand that managing demand and creating visibility can drive bottom-line value by decreasing supply chain costs and increasing supply chain responsiveness," said Chuck Kramer, senior vice president of Retail and Consumer Industries at i2. "Companies who tighten their supply chain belt will better weather the economic downturn as they have a keen focus on decreasing waste, keeping relationships strong and streamlining business processes for added efficiency, capabilities and profits."

About i2
Throughout its 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries; 21 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com.

i2 Cautionary Language
This press release contains forward-looking statements that involve risks and uncertainties, including, without limitation, statements regarding i2's solutions, a customer's ability to implement or integrate those solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 and the Annual Report on Form 10-K for the year ended December 31, 2007. i2 expressly disclaims any current intention to update the forward-looking information contained in this news release.
SOURCE: i2 Technologies, Inc.
i2 Corporate Communication
Kirsten Monberg, 469-357-4966
[e-mail]

Copyright Business Wire 2008

http://www.marketwatch.com/News/Story/Story.aspx?guid={DA4F65A7-4613-4A92-B7A8-E3CD94511B35}&siteid=nbsh

[NewMoney]

Board Marked.

[kmx_swing]

DLM board created