Del Monte Corp. wrapped up the first quarter of 2014 with modest growth in global sales.
The San Francisco consumer packaged goods firm’s net sales for the quarter were nearly $824m, up about 0.3% over the previous quarter. While consumer product sales decreased 5.5%, its bottom line was helped by acquisitions and lower expenses.
According to Dave West, CEO of Del Monte Foods , “In Consumer, we faced challenges driven by fruit supply constraints and the continued economic issues in Venezuela. We remain focused on generating long-term growth by investing behind our brands, as well as driving strong innovation and new go-to-market capabilities.”
In addition to acquiring pet food manufacturer Natural Balance, the company launched Fruit Burst Squeezers, a natural fruit snack in flexible pouch packaging.