Stock Analysis

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

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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).
SGX:D03 Earnings and Revenue Growth December 8th 2022

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

You should learn about the 3 warning signs we've spotted with Del Monte Pacific (including 1 which is a bit unpleasant).

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