February 01, 2015 6:54 AM ET

Food Products

Company Overview of Big Heart Pet Brands

Company Overview

Big Heart Pet Brands, together with its subsidiaries, produces, distributes, and markets branded pet food and pet snacks to retail and export markets in the United States. It offers branded and private label dry and wet pet food, and pet snacks under the Meow Mix, Milk-Bone, Kibbles ‘n Bits, 9Lives, Natural Balance, Pup-Peroni, Gravy Train, Nature’s Recipe, Canine Carry Outs, Milo’s Kitchen, and other brand names. Big Heart Pet Brands sells its products through club stores, supercenters, grocery chains, dollar stores, pet specialty stores, and mass merchandisers. The company was formerly known as Del Monte Corporation and changed its name to Big Heart Pet Brands in February 2014. Big Heart P...

One Maritime Plaza

San Francisco, CA 94111

United States

Founded in 1916

2,200 Employees

Phone:

415-247-3000

Key Executives for Big Heart Pet Brands

Chief Executive Officer
Age: 51
Chief Financial Officer
Age: 51
Senior Vice President of Operations
Age: 55
Chief Growth Officer and Executive Vice President of Marketing
Age: 66
Chief Human Resources Officer and Executive Vice President
Age: 52
Compensation as of Fiscal Year 2014.

Big Heart Pet Brands Key Developments

Big Heart Pet Brands Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 26, 2014

Big Heart Pet Brands announced unaudited consolidated earnings results for the second quarter and six months ended October 26, 2014. For the quarter, the company reported net income of $17.9 million on net sales of $565.5 million compared to net loss of $92.7 million on net sales of $552.0 million for the corresponding period last year. Operating income was $68.6 million against $71.8 million of prior year period. Income from continuing operations was $17.7 million against $6.2 million of prior year period. Adjusted EBITDA was $101.8 million against $105.8 million of prior year period. EBITDA was $86.1 million against $93.3 million of prior year period. The benefit from the net sales increase driven by new products was offset by promotional spending mentioned above coupled with higher operating and marketing expenses. For the six months, the company reported net income of $29.2 million on net sales of $1,095.2 million compared to net loss of $72.8 million on net sales of $1,033.0 million for the corresponding period last year. Operating income was $124.3 million against $138.0 million of prior year period. Income from continuing operations was $28.9 million against $12.8 million of prior year period. Adjusted EBITDA was $166.3 million against $222.0 million of prior year period. EBITDA was $160.4 million against $185.9 million of prior year period. At October 26, 2014, total debt was $2,617.8 million. The benefit from the net sales increase was offset by higher trade spending mentioned above coupled with significant up-front investments in marketing to promote new products. Net cash used in operating activities was $6.4 million against $263.1 million for the same period a year ago. Capital expenditures were $26.0 million against $47.6 million for the same period a year ago.

Big Heart Pet Brands to Report Q2, 2015 Results on Dec 10, 2014

Big Heart Pet Brands announced that they will report Q2, 2015 results at 1:45 PM, GMT Standard Time on Dec 10, 2014

Big Heart Pet Brands, Q2 2015 Earnings Call, Dec 10, 2014

Big Heart Pet Brands, Q2 2015 Earnings Call, Dec 10, 2014

Similar Private Companies By Industry

Company Name Region
Minn-Dak Yeast Co., Inc United States
Mycell Technologies LLC United States
Fractured Prune Inc. United States
FIRST Foliage Inc. United States
Central States Enterprises, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Big Heart Pet Brands, please visit www.bigheartpet.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.