Del Monte Foods posts second-quarter 2007 results

Del Monte Foods has reported net sales for the second quarter of fiscal 2007 of $893.5 million compared to $793.2 million last year—an increase of 12.6 percent.

For the second quarter, Consumer Products net sales were $566.5 million, a decrease of 3.1 percent from net sales of $584.4 million in the prior year period.

Del Monte Brands net sales decreased by 2.0 percent, primarily driven by a decline in vegetable volume in lower-margin channels, and by the absence of volume from the previously announced sale of S&W beans.

StarKist Seafood net sales decreased by 6.3 percent, as higher category pricing drove a greater than anticipated decline in volume across most major sales channels.