| Business Summary | | Del
Monte
Foods
Co.
manufactures
and
distributes
premium
quality,
nutritious
food
products
under
Del
Monte,
Contadina
and
other
brand
names.
Del
Monte
is
the
largest
producer
and
distributor
of
canned
vegetables
and
canned
fruit
in
the
United
States,
with
net
sales
of
$1.5
billion
in
fiscal
2000.
Del
Monte
brand
products
are
found
in
most
national
grocery
chains
and
independent
grocery
stores
throughout
the
United
States.
As
the
brand
leader
in
three
major
processed
food
categories
(canned
vegetables,
fruit
and
solid
tomato
products),
Del
Monte
has
a
full-line
multi-category
presence
that
management
believes
provides
it
with
a
substantial
competitive
advantage
in
selling
to
the
retail
grocery
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Del
Monte
Foods
is
engaged
in
the
manufacturing
and
marketing
of
processed
foods,
primarily
canned
vegetables,
fruit
and
tomato
products,
sold
under
the
Del
Monte
brand
to
food
retailers,
supermarkets
and
mass
merchandising
stores.
For
the
nine
months
ended
3/31/01,
net
sales
fell
2%
to
$1.12
billion.
Net
income
before
extraordinary
item
fell
40%
to
$25.6
million.
Results
reflect
the
absence
of
strong
Y2K-related
sales
and
lower
margins
due
to
an
unfavorable
sales
mix. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
389,600;
after
tax
earnings
were
14,400. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Wolford, 56 Chairman,
Pres, CEO | $1.3M | Wesley Smith, 53 COO | 648K | David Meyers, 54 Exec.
VP, Admin. and CFO | 561K | Richard French, 43 Sr.
VP and CAO | -- | Thomas Gibbons, 52 Sr.
VP and Treasurer | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|