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Del Monte Pacific Second Quarter 2023 Earnings: EPS: US$0.11 (vs US$0.016 in 2Q 2022)

Del Monte Pacific (SGX:D03) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$698.9m (up 7.4% from 2Q 2022).

  • Net income: US$49.5m (up 61% from 2Q 2022).

  • Profit margin: 7.1% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue.

  • EPS: US$0.11 (up from US$0.016 in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Del Monte Pacific Earnings Insights

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, while revenues in the Food industry in Singapore are expected to remain flat.

Performance of the Singaporean Food industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Del Monte Pacific (of which 1 is a bit unpleasant!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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