date:Jun 25, 2012
Another quarter of lower sales of consumer products has hit overall revenue at Del Monte Foods.
The US company today (22 June) reported a 1.7% fall in fourth-quarter net sales after sales of its consumer brands, which include canned products, fell 8.6%.
Del Monte's fourth-quarter profitability improved year-on-year as it lapped last year's figures, which included costs linked to the acquisition of the company by a private-equity led consortium.
However, profits from its consumer products divi