Del Monte reaps $824m in first quarter 2014
Del Monte Corp. wrapped up the first quarter of 2014 with modest growth in global sales.
The San Francisco consumer packaged goods firm’s net sales for the quarter were nearly $824m, up about 0.3% over the previous quarter. While consumer product sales decreased 5.5%, its bottom line was helped by acquisitions and lower expenses.
According to Dave West, CEO of Del Monte Foods, “In Consumer, we faced challenges driven by fruit supply constraints and the continued economic issues in Venezuela. We remain focused on generating long-term growth by investing behind our brands, as well as driving strong innovation and new go-to-market capabilities.”
In addition to acquiring pet food manufacturer Natural Balance, the company launched Fruit Burst Squeezers, a natural fruit snack in flexible pouch packaging.
