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.
- Fifteen of 18 CAPS community members believe that Del Monte will outperform the S&P 500. If you have an opinion, bring it to CAPS!
(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% |
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) |
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% |
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:
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