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Del Monte Pacific: Q4 sales up 2% but net loss deepened on lower margins and one-off US costs

Del Monte Pacific: Q4 sales up 2% but net loss deepened on lower margins and one-off US costs

Del Monte Pacific LimitedJuly 2, 20244
Del Monte Pacific: Q4 sales up 2% but net loss deepened on lower margins and one-off US costs

About this update from Del Monte Pacific Limited

Q4 sales rose 2% to US$597m, but gross margin halved and net loss widened to US$77m on US inventory issues and one-off costs. FY2024 sales held at US$2.4bn, with a net loss of US$127m. Asset sales and margin restoration are priorities for FY2025.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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