Company Profile For Del Monte Foods Company

Del Monte Foods Company (Del Monte) is a producer, distributor and marketer of branded food and pet products for the United States retail market. The Company operates in two segments: Consumer Products and Pet Products. The Consumer Products segment includes the Consumer Products operating segment, which manufactures, markets and sells branded and private label shelf-stable products, including fruit, vegetable, tomato and broth products. The Pet Products segment includes the Pet Products operating segment, which manufactures, markets and sells branded and private label dry and wet pet food and pet snacks. On October 6, 2008, Del Monte Corporation (DMC), a wholly owned subsidiary of the Company, sold Galapesca S.A., Panapesca Fishing, Inc. and Marine Trading Pacific, Inc. to Starkist Co.

BRIEF: For the three months ended 2 August 2009, Del Monte Foods Company's revenues increased 12% to $813.7M. Net income from continuing operations totaled $58.9M vs. a loss of $8M. Revenues reflect an increase in income from Consumer products. Net income also reflects a decrease in cost of products sold, reflects higher operating income due to increased operating income from Consumer products and a decrease in interest expenses.