August 20, 2014 5:16 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

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 Elects Joseph O'Leary to the Board of Directors

On July 15, 2014, Blue Acquisition Group Inc. elected Joseph O'Leary to the Board of Directors of Big Heart Pet Brands as a non-voting member, effective August 1, 2014. Such election was made following the election of Mr. O'Leary by Blue Holdings I, L.P. to the board of directors of Parent as a non-voting member. Mr. O'Leary has been designated as an eligible director under the Big Heart Pet Brands Independent Director Compensation Plan, formerly known as the Del Monte Corporation Independent Director Compensation Plan.

Big Heart Pet Brands Corporation Reports Unaudited Consolidate Earnings Results for the Fourth Quarter and Full Year Ended April 27, 2014

Big Heart Pet Brands Corporation reported unaudited consolidate earnings results for the fourth quarter and full year ended April 27, 2014. The company reported net sales for the fourth quarter of fiscal 2014 of $581.4 million compared to $506.7 million for a year ago. Operating income increased to income of $34.4 million compared to $82.8 million a year ago. Loss from continuing operations before income taxes was $58.1 million compared to income from continuing operations before income taxes of $3.8 million a year ago. Loss from continuing operations was $36.2 million compared to income from continuing operations of $2.5 million a year ago. Net loss was $91.6 million compared to net income of $28.0 million a year ago. Adjusted EBITDA $96.5 million compared to $115.7 million in the prior year period. EBITDA was $57.7 million compared to $91.4 million a year ago. The company’s net sales for the fiscal year were $2,190.1 million compared to $1,989.0 million for the prior year period. Operating income was $254.8 million compared to $233.1 million a year ago. Loss from continuing operations before income taxes was $4.7 million compared to loss from continuing operations before income taxes of $14.3 million a year ago. Loss from continuing operations was $7.8 million compared to $6.0 million a year ago. Net loss was $130.2 million compared to net income of $92.2 million a year ago. Net cash used in operating activities was $409.1 million compared to net cash provided by operating activities of $306.3 million a year ago. Capital expenditures totaled $79.6 million compared to $108.0 million a year ago. Adjusted EBITDA was $449.8 million compared to $418.2 million in the prior year period. EBITDA was $346.4 million against $320.8 million a year ago. Free Cash Flow for the fiscal year ended April 27, 2014 was a use of $66.8 million, compared to a source of $225.9 million in the prior year period. The decline was primarily due to the sale of the Consumer Business, comparing partial period results to full year results, as well as the absence of earnings from the segment which historically generated strong free cash flow in the fourth quarter due to its cyclical nature. In addition, working capital was higher driven by increased inventory levels in the Consumer Business.

Big Heart Pet Brands Corporation to Report Q4, 2014 Results on Jul 02, 2014

Big Heart Pet Brands Corporation announced that they will report Q4, 2014 results at 1:45 PM, GMT Standard Time on Jul 02, 2014

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