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%

*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



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Related Companies:

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

Related Foolishness:

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