Del Monte Foods Gets Canned

So much for food stocks being a safe haven during volatile markets. Not only did Del Monte Foods (NYSE: DLM) report a lackluster fiscal first quarter and lower guidance a bit, but the stock has been on the skids for a few months now. Then again, it is not as though larger company stocks like Kellogg (NYSE: K) or General Mills (NYSE: GIS) have been shooting out the lights with their performance either. 

The Quarter That Was
Del Monte Foods reported that overall sales fell 1.1% in the fiscal Q1. Although the company got a little boost from pricing and new products, overall volume dropped 1.6%. By category, Del Monte saw pet product revenue rise 3.6%, while consumer product revenue fell 6%.

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http://stocks.investopedia.com/stock-analysis/2010/Del-Monte-Foods-Gets-Canned-DLM-K-GIS-CAG-DOLE-TGT-KR0906.aspx