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  September 5, 2001
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Home > Company Index > Food, Beverage & Tobacco > Canned & Frozen Foods > Del Monte Foods Company

Del Monte Foods Company
NYSE: DLM
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 NEWS FROM THE WIRES
Del Monte Foods adjusted earnings rise in quarter
Aug 02 2001 05:31 AM PDT

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 PROFILE
How does Del Monte Foods' garden grow? The US's largest manufacturer and distributor of canned fruit and vegetables has been reviving itself with acquisitions, new products, and aggressive marketing. Its flagship products (corn, green beans, peas, peaches, pears, and pineapples) are purchased from mostly US growers. Its products line grocers shelves in the US and South America. Other products include tomato-based foods such as ketchup and sauce. The company's brands include Del Monte, Contadina, Orchard Select, S&W, and Sunfresh. It is adding products with higher profit margins such as Fruit-To-Go single-serve snacks. Texas Pacific Group owns about 47% of Del Monte.

 COMPETITION
ConAgra Foods, Inc. (CAG)
Dole Food Company, Inc. (DOL)
The Pillsbury Company (dossier)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,462.10
1-Yr. Sales Growth: (2.9)%
Employees: 14,000
Revenue per employee: $104,435.71

 KEY PEOPLE
• Richard G. Wolford
    CEO
• David L. Meyers
    CFO

 CONTACT INFO
1 Market St.
San Francisco, CA 94105
US
Phone: 415-247-3000
Fax: 415-247-3565
Online: Web Site

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