September 5, 2003 |
A reduction in pet food orders from a large customer and an underestimation of demand for canned tomatoes and vegetables ate into Del Monte Foods Co.'s profit in the latest quarter. The San Francisco-based owner of such brands as Contadina, StarKist and 9Lives said Thursday that earnings in its first fiscal quarter fell 57% to $14.3 million, or 7 cents a share, from $33.2 million, or 21 cents, in the same period a year earlier. Sales soared 73% to $631.
April 26, 2005 |
A judge has barred Del Monte Foods Co. from selling soft-centered pet treats after a jury ruled that Mars Inc.'s patent for the technology was valid. U.S. District Judge R. Gary Klausner in Los Angeles last week blocked Del Monte's sale of any pet food product that violated Mars' patent. Klausner also upheld the jury's decision last month to award Mars $3.6 million in damages. Mars sued in 2001 seeking damages and to block sales of H.J. Heinz Co.'s pet food with soft centers.
November 17, 1995
Developer Koll Real Estate Group Inc. said that it has agreed to manage $22 million in new building projects for Del Monte Foods Co., the San Francisco-based canning company. Koll will handle development and construction of distribution and ripening plants that Del Monte is planning in Mendota, Ill., Plover, Wis., and Toppenish and Yakima, Wash. Officials would not disclose how much Koll will be paid.
November 1, 2002 |
Del Monte Foods Co., the largest U.S. produce canner and distributor, Thursday reported a quarterly profit on lower costs and stronger demand for convenience foods such as single-serve fruit cups, up from a year-ago loss. Earnings in its first quarter ended Sept. 30 were $400,000, or 1 cent a share, compared with a loss of $5.3 million, or 10 cents, a year earlier. The company's revenue rose 5% to $284.
September 2, 2005 |
Del Monte Foods Co., a San Francisco maker of canned fruit, vegetables and tuna fish, said Thursday that its fiscal first-quarter earnings doubled, driven by higher pricing, lower integration expense and reduced commodity costs. Net income rose to $16.2 million, or 8 cents a share, in the first quarter ended July 31, up from $8.5 million, or 4 cents, a year earlier. Sales grew 7.2% to $671.
January 26, 2005 |
A U.S. judge ruled that Del Monte Foods Co.'s Pounce Purr-fections, Snausages Scooby Snack Stuffers and Nature's Recipe treats infringed a Mars Inc. patent for pet treats with soft centers. U.S. District Judge R. Gary Klausner in Los Angeles granted Mars' motion for summary judgment on the patent infringement claim. He ordered the case to proceed to jury trial next month to determine damages. Mars sued in 2001 seeking unspecified damages and to block sales of H.J. Heinz Co.'
June 24, 2005 |
Del Monte Foods Co. saw rising steel and oil prices cut deeply into its fiscal fourth-quarter profit as the stalwart foods producer fell well short of analysts' expectations. The San Francisco company posted a 66% decline in profit when it reported net income of $19.3 million, or 9 cents a share, for the three months that ended May 1, compared with $56.6 million, or 27 cents, a year earlier.
March 5, 2004 |
Morris the cat is about to get another life. His owner, Del Monte Foods Co., said Thursday that it would resurrect the finicky feline and make him the top cat in a new advertising campaign for its 9Lives brand. Morris hasn't been seen much for 14 years -- that's about 70 years if you're a cat -- and Del Monte hopes his comeback will jump-start sales. Even though 9Lives is the No. 2 brand of canned cat food, it trails far behind Nestle's Friskies, which controls nearly half the market.
September 3, 2004 |
Del Monte Foods Co.'s profit tumbled 41% in its fiscal first quarter, hit by the cost of integrating brands acquired from H.J. Heinz Co. in late 2002, as well as higher commodity costs and marketing expenses. The San Francisco producer of such brands as Kibbles 'n Bits pet food and StarKist tuna said Thursday that it had net income of $8.5 million, or 4 cents a share, for the period ended Aug. 1, down from $14.3 million, or 7 cents, a year earlier.