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Del Monte Corporationrecently revealed their fourth quarter 2011 earnings report. The company reported a 1.7 percent dip in net sales for Quarter Four, which ended April 29, 2012. However, they report a 5.4 percent sales growth for their pet food segment for the same period.
The pet product increase was reported as due to new product volume growth and list pricing actions net of trade spending. Some of the new line includes Nature’s Recipe Grain Free.
Dave West, Del Monte’s CEO, shared, “Our fourth quarter results reflect solid performance from our new pet product launches and savings from productivity initiatives and we are optimistic about our business momentum. Our recent innovation launches of Meow Mix Tender Centers, Meow Mix Paté Toppers and Nature’s Recipe Grain Free had strong distribution gains.”
Net sales for Del Monte in the pet products division for Q4 were $490.4 million, compared to net sales of $465.2 million in the prior year period.  In their Consumer Products division, net sales were $444.2 million, a decrease of 8.6% from net sales of $486.0 million in the prior year period.
Del Monte Foods Company was acquired by an investor group led by funds affiliated with Kohlberg Kravis Roberts & Co. L.P., Vestar Capital Partners and Centerview Capital, L.P., on March 8, 2011.
Del Monte Foods product lines includes Meow Mix, Kibbles ‘n Bits, Milk-Bone, 9Lives, Pup-Peroni, Gravy Train, Nature’s Recipe Canine Carry Outs, Milo’s Kitchen and other brand names.  The company also produces and distributes private label pet products and food products.
The official company website is www.delmontefoods.com.

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