Del Monte Corporation reports Q2 US$1.2B net sales following Del Monte Foods acquisition

GLOBAL – Del Monte Corporation has reported financial results for the second quarter ended June 26, 2026, with net sales reaching US$1,219.1 million, as the company’s recent rebranding and strategic acquisition of Del Monte Foods drove increased revenue across its prepared foods segment while the organization navigated operational hurdles.

For the second quarter of 2026, the Company reported earnings per diluted share of US$0.44 and, on an Adjusted basis, US$0.72.

Gross profit for the quarter was US$121.3 million, driven primarily by higher net sales, partially offset by higher per-unit production and procurement costs, higher ocean freight and distribution costs, and unfavourable foreign-currency impacts.

Additionally, operating income for the second quarter of 2026 was US$33.5 million, with adjusted operating income at US$48.7 million. Del Monte Corporation’s net income was US$21.2 million, while adjusted net income totalled US$34.2 million.

Acquisition Drives Revenue Growth Amid Integration Challenges

“This quarter marked an important milestone in our evolution as we officially became Del Monte Corporation. Our new corporate name reflects far more than a rebrand; it represents the company we are building: one that is building on its leadership in fresh produce to create value across fresh, refrigerated, shelf-stable and prepared foods, while unlocking greater value from our agricultural platform,” said Mohammad Abu-Ghazaleh, Del Monte Corporation Chairman and Chief Executive Officer.

“We’re already seeing that evolution translate into results. Our Foods Division, created through the acquisition of the Del Monte Foods business, has demonstrated the strength of our strategy. In a remarkably short period of time, we stabilized a business facing significant financial and operational challenges, advanced our integration priorities, and established a strong foundation for future growth.”

Segment Performance Following Del Monte Foods Deal

Following the acquisition of Del Monte Foods and the segment realignment, the Company’s financial results are presented across four reportable segments.

First, net sales were US$569.3 million for Fresh and Value-Added Products; second, US$361.1 million for Bananas; third, US$236.1 million for Prepared Foods; and fourth, US$52.6 million for Other Products and Services.

Overall, the report illustrates a transition toward a diversified food platform while balancing the challenges of global supply chains and regional market volatility, with the company remaining prepared to pursue further strategic investments to sustain long-term growth across its fresh, refrigerated, shelf-stable and prepared foods portfolio.

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