Leading Grocery Publication and Industry Organization Honor Del Monte Foods with Category Management Awards and ConAgra Foods Announces Details of Fiscal 2008 Second-Quarter Earnings Release and Conference Call
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City of Industry, CA --(www.USEquityNews.com)-- 12/14/2007 - Consumer Goods industry alert provided by U.S. Equity News. Del Monte Foods (NYSE: DLM) announced recently that the Company's category thought leadership platform is being honored by two industry awards programs. Progressive Grocer and GMA/FPA recently recognized the success of Del Monte's Category Leadership efforts with a Category Captain Award and a 2007 CPG Award Honorable Mention, respectively. "We're honored to receive this prestigious acknowledgement and to be recognized as an industry leader in category management," said Tim Cole, Executive Vice President Sales for Del Monte Foods.
Shares of Jamba Inc. (NASDAQ: JMBA), which makes Jamba Juice drinks, dropped recently after a Wedbush Morgan analyst noted the company expects to report soft sales in its California markets and could have trouble maintaining margins in 2008. Analyst Brian Moore said in a client note that the company's chief executive, Paul Clayton, said he expects "continued softness" in California markets in 2008, even as same-store sales, or sales at stores open at least a year, grow in newer markets. California has been hit hard by the weakening housing market, which has decreased home values and led consumers there to be more cautious about spending money on discretionary items.
ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, will report its fiscal 2008 second-quarter results on Thursday, Dec. 20, 2007. The news release will be issued at approximately 7:30 a.m. EST. ConAgra Foods will host a conference call at 9:30 a.m. EST to discuss the results. Following the company's remarks, the call will include a question-and-answer session with the investment community.
NutraCea (OTCBB: NTRZ) a world leader in stabilized rice bran (SRB) nutrient research and technology announced recently financial results for the third quarter and nine months ended September 30, 2007. The Company reported consolidated net revenues of $1.5 million for the third quarter of 2007 compared to net revenues of $4.9 million for third quarter 2006, a decrease of $3.4 million. Gross product sales were reported at $3 million, excluding a product sales return of $1.5 million.
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