Del Monte Dishes Duds: Fool by Numbers (DLM.DL)

Del Monte Dishes Duds: Fool by Numbers

By Motley Fool Contributors | More Articles
December 1, 2006 | Comments (0)

On Nov. 30, Del Monte Foods (NYSE: DLM ) released second-quarter earnings for the period ended Oct. 31, 2006.

Revenue grew 12.6%, mainly due to the acquisitions of Meow Mix and Milk-Bone.
The strong growth of the Pet Products segment was offset by increasing costs and reduced volume in the Consumer Products segment.
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(Figures in millions, except per-share data)

Income Statement Highlights

	Q2 2007	Q2 2006	Change
Sales	$893.5	$793.2	12.6%
Net Profit*	$23.7	$37.3	(36.5%)
EPS*	$0.12	$0.18	(33.3%)
Diluted Shares	203.5	202.2	0.6%

*Net profit and EPS from continued operations.

Get back to basics with a look at the income statement.

Margin Checkup

	Q2 2007	Q2 2006	Change*
Gross Margin	27.4%	26.8%	0.6
Operating Margin	9.2%	10.5%	(1.4)
Net Margin	2.7%	4.7%	(2.1)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q2 2007	Q2 2006	Change
Cash + ST Invest.	$22.0	$20.2	8.9%
Accounts Rec.	$228.6	$222.9	2.6%
Inventory	$1,169.3	$1,140.9	2.5%

	Q2 2007	Q2 2006	Change
Accounts Payable*	$613.8	$560.9	9.4%
Long-Term Debt	$1,966.6	$1,298.0	51.5%

*Includes accrued expenses.

Learn the ways of the balance sheet.

Cash Flow Highlights

	YTD 2007	YTD 2006	Change
Cash From Ops.	($107.9)	($40.2)	N/A
Capital Expenditures	$34.1	$24.9	36.9%
Free Cash Flow	($142.0)	($65.1)	N/A

Find out why Fools always follow the money.

Related Companies:

ConAgra Foods (NYSE: CAG )
General Mills (NYSE: GIS )

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.

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