BNET Industries
Monterey Gourmet Foods Inc. (PSTA) is in the Food Industry
- Revenue
- Dec 31 2007
- $100.5M
- Profit
- Dec 31 2007
- $1.6M
- Market Cap
- Sep 04 2008
- $33.4M
Latest News and Analysis
Monterey Gourmet Foods Appoints Food Veteran Mark C. Frandsen to Its Board
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,announced the election of Mark C. Frandsen, age 59, to its board ofdirectors. Eric Eddings, president and CEO of Monterey Gourmet Foods, stated, "Markbrings extensive food industry experience to the board. He has both ownedand operated...
Monterey Gourmet Foods Reports Second Quarter 2008 Results
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,reported results for its second quarter ended June 30, 2008. "Due to our commitment to innovation and quality, this quarter we deliveredsolid performance in a challenging food industry market," stated Eric C.Eddings, president and CEO of Monterey...
Monterey Gourmet Foods Joins Russell Microcap Index
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,joined the Russell Microcap Index when Russell Investments reconstitutedits family of U.S. indexes on June 27, according to a preliminary list ofadditions posted on www.russell.com . Membership in the Russell Microcap Index, which remains...
Monterey Gourmet Foods Adopts a Shareholder Rights Plan
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,adopted a Shareholder Rights Plan, effective today. "As part of the board of directors' overall effort to enhance shareholdervalue, the Plan is intended to protect the interests of shareholders fromcoercive or unfair takeover tactics," said...
Monterey Gourmet Foods Announces 2008 Shareholder Meeting
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products, willhost its 2008 Annual Shareholder Meeting on Friday, June 27, 2008, from 10a.m. until 12 noon Pacific Time at the Embassy Suites Hotel Monterey Baylocated in Seaside, CA at 1441 Canyon Del Rey. In...
Monterey Gourmet Foods Hires VP of Innovation
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,announced the hiring of Erika Cottrell as Vice President of Innovation. "During the past year and a half, we integrated all of our operating teams,and now we are focused on continuing brand innovation, expandingdistribution, and...
Monterey Gourmet Foods Expands Nationwide Distribution
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products, isexpanding its distribution relationship with one of the nation's largestsupermarket retailers to sell and market its Sonoma Cheese line of premiumquality flavored Jack cheeses to nearly 400 more stores. In addition, thebrand will be appearing in...
Monterey Gourmet Foods Reports First Quarter 2008 Results
Monterey Gourmet Foods (NASDAQ: PSTA), amanufacturer and marketer of fresh gourmet refrigerated food products,reported results for its first quarter ended March 31, 2008. "Consumers are eating more products that are organically grown or procuredfrom local or regional suppliers, and our goal is to capture that demand bydeveloping reasonably-priced quality, healthy...
Monterey Gourmet Foods Expands Product Offerings
Monterey Gourmet Foods (NASDAQ: PSTA) completedimprovements for Monterey Pasta Company brands and Sonoma Cheese. Monterey Pasta Company launched four new organic items and introduced twoof the proven category leaders into new channels of distribution. Inaddition, the new packaging for all varieties of Monterey Pasta Company'shot filled sauces eliminates the cardboard...
Monterey Gourmet Foods Increases Ownership of Sonoma Foods to 100% and Implements Operational Improvements for the Sonoma Cheese Brand
Monterey Gourmet Foods (NASDAQ: PSTA) secured100% managing control and ownership of Sonoma Foods effective March 31,2008. As part of the transaction, in the first quarter of 2008, thecompany will write down intangible assets, inventory, and accrueseverances, which is expected to total approximately $2.4 million as wellas implement cost savings...
Monterey Gourmet Foods to Announce First Quarter 2008 Results on May 8, 2008 at 10:00 a.m. Pacific Time
Monterey Gourmet Foods (NASDAQ: PSTA) intendsto release its first quarter 2008 financial results on Thursday, May 8,2008. The company plans to host a conference call at 10:00 a.m. PacificTime (1:00 p.m. Eastern Time) to discuss these results. Eric Eddings,chief executive officer, and Scott Wheeler, chief financial officer, willdeliver...
Carla's Pasta names Williams CEO
SOUTH WINDSOR, CONN. -- Carla's Pasta Inc., which produces frozen pastas and pesto sauces chiefly for the foodservice industry, has named James M. Williams chief executive. A 25-year veteran of the specialty food industry, Williams most recently served as chief executive of Monterey Gourmet Foods, which specializes in...
Monterey Gourmet Foods Reports Fourth Quarter and Year End Results
Monterey Gourmet Foods (NASDAQ: PSTA) todayannounced net income of $641,000 or $0.04 per share for the fourth quarterended December 31, 2007. This compares to the net income of $514,000 or$.03 per share for the fourth quarter ended December 31, 2006. The companyalso reported quarterly net revenues of $26,825,000 compared to...
Monterey Gourmet Foods Announces Earnings Call
Monterey Gourmet Foods (NASDAQ: PSTA)Announces Earnings Call Tuesday, February 19th 2008 10:00AM Pacific -1:00PM Eastern Dial-In #: (Please dial in 5-10 minutes prior to start time) US &...
Monterey Gourmet Foods Appoints Michael Schall as Senior Vice President of Sales and Marketing
Monterey Gourmet Foods (NASDAQ: PSTA) todayannounced the appointment of Michael P. Schall to the role of Senior VicePresident of Sales and Marketing. In this new role Schall will lead theCompany's sales and marketing teams as well as contribute to theadvancement of the overall growth strategy and execution of key corporateinitiatives....
Monterey Gourmet Foods Announces Stock Repurchase Program
Monterey Gourmet Foods (NASDAQ: PSTA), aleading marketer of refrigerated gourmet food products, announced todaythat its Board of Directors has authorized the Company to institute a stockrepurchase program whereby up to 750,000 shares of its Common Stock may berepurchased. The duration of the repurchase program is open-ended. Underthe program, the Company...
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Monterey Gourmet Foods Announces the Signing of a New Lease for Seattle, Washington Facility, Consolidating Four Locations Into One State-of-the-Art Facility
Monterey Gourmet Foods (NASDAQ: PSTA), aleading marketer of refrigerated gourmet food products, announced todaythat on November 15, 2007 it entered into a 10-year lease commencingJanuary 1, 2008 for a 93,000-square-foot building located in Kent,Washington to be used for production, storage, warehousing, and officespace. Eric Eddings, President and CEO of Monterey...
Monterey Gourmet Foods Announces Director's Retirement and Addition of New Director
Monterey Gourmet Foods (NASDAQ: PSTA) todayannounced that Director F. Christopher Cruger will retire from the Board ofDirectors effective December 31, 2007. Mr. Cruger has been a directorsince 2001. Mr. Van Tunstall, Chairman of the Board of Directors, stated: "The Board ofDirectors wishes to acknowledge the significant contributions made by...
Monterey Gourmet Foods Continues to Record Year-Over-Year Improvements
Monterey Gourmet Foods (NASDAQ: PSTA) todayannounced third quarter operating profit of $413,000 compared to anoperating loss of ($3,955,000) for the third quarter of 2006. The Companyalso reported net income of $279,000 or $.02 per share compared to a netloss of ($3,872,000) or ($.22) per share in the third quarter...
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- Incorporated: 1989
- CEO: Mr. Eric C. Eddings
Monterey Gourmet Foods is a producer, distributor and marketer of refrigerated pasta and sauces. Co.'s operations include a range of refrigerated food products, which it provides to grocery and club stores throughout the U.S., as well as to selected regions in Canada, the Caribbean, Latin America and Asia Pacific. Co. produces and/or markets refrigerated pastas, gnocchi, pasta sauces, prepared entrees, salsas, tamales, dips, hummus, polenta, cheeses, spreadable cheeses and chicken sausages as well as chicken meatballs. As of Dec 31 2007, Co. provided in excess of 250 varieties of food products that were produced using its recipes.
Key Competitors
Monterey Gourmet Foods Inc. Company Info
Board of Directors
Mr. Van Tunstall
Chairman
Mr. Walter L. Henning
Vice-Chairman
Mr. Eric C. Eddings
Mr. Scott S. Wheeler
Mr. Charles B. Bonner
Mr. John Hunt McGarvey
Mr. Viji Sampath
Mr. James Wong
Mr. Mark C. Frandsen
Contact Information
1528 Moffett Street
Salinas, CA
831 753-6262
NAICS Code
Mayonnaise, Dressing, and Other Prepared Sauce Manufacturing: 311941
