SOURCE: Industrial Info Resources

Industrial Info Resources

September 03, 2010 05:40 ET

Heinz Sees Strong Results for First-Quarter 2011, While Del Monte Results Mixed, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 3, 2010) - --Researched by Industrial Info Resources (Sugar Land, Texas)--Leading food producers H.J. Heinz Company (NYSE:HNZ) (Pittsburgh, Pennsylvania) and Del Monte Foods (NYSE:DLM) (San Francisco, California) saw different results for the first quarter of fiscal year 2011. Heinz benefited strongly from rapid sales growth in emerging markets and solid growth in North American consumer products, with net income for the quarter reported to be $240.43 million, a 13.11% increase from the same period last year. Del Monte, however, saw lower revenue from its consumer business, but was buoyed by strong results from pet products, with net income at $59.4 million, a 1.37% increase from first-quarter 2010.

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