Del Monte Foods has reported net sales for the third quarter fiscal 2012 of $971.1m compared to $969.4m in the third quarter fiscal 2011, an increase of 0.2%. Pet new product volume growth and list pricing actions net of trade spend, primarily in Pet, were offset by existing product unit volume declines in both Pet and Consumer.
Operating income declined from $145.4m in the prior year period to $124.5m. The decrease in operating income reflects the impact of higher operating costs, primarily due to higher input costs. List pricing actions net of trade spend contributed positively to operating income.
Adjusted Ebitda declined 13.7% to $164.6m compared to $190.7m in the prior year. The drivers of the decline in Adjusted Ebitda are similar to those for operating income, except for SG&A. In calculating Adjusted Ebitda, SG&A is more favourable year-over-year because it doesn’t include amortisation of intangibles, severance-related expenses, and other expenses related to the merger.
McDonald’s Corporation has announced global comparable sales growth of 7.5% in February.
Systemwide sales for the month increased 9.4%, or 9.7% in constant currencies. McDonald’s February sales results reflect the benefit of about three percentage points from an extra day due to leap year.
Performance by segment was as follows:
US firm Jones Soda sees FY 2011 net loss deepen to US$7.2m, from $6.1m the previous year, impacted by a 1% fall in revenue to $17.4m.
Denmark’s Royal Unibrew posts a 9% decline in FY 2011 net sales to DKK 3.4bn, with net profits up 26% to DKK 350.9m.
Davide Campari-Milano SpA has approved the consolidated full-year results for the year ending 31 December 2011, reporting ‘very positive’ results with solid growth across all business performance indicators.
Sales +9.6% (organic growth +8.8%) with positive growth across key product and market combinations and an improved mix by region and by segment:
Strong growth in operating profit indicators (Ebitda +10.3%), notwithstanding higher investments in marketing (+50 bps on net sales).
© FoodBev Media Ltd 2016