NYSE:DMCFood
Del Monte (DMC) Stock Revenue Growth Clashes With Profit Squeeze
Del Monte stock came into this week looking bruised, with the share price down about 28% over the past three months, yet traders barely flinched after earnings, with the stock easing only 0.9% today to around $29.56. That muted move sits awkwardly against a food producer that just reported Q2 net sales of about $1.22b and adjusted earnings per share of $0.72, backed by a 6% adjusted EBITDA margin.
The key issue for investors is a margin and profit squeeze that still hangs over the trailing...