Del Monte reported second-quarter results for the period ended June 26, 2026, delivering net sales of $1,219.1 million and adjusted diluted earnings per share of $0.72. GAAP diluted EPS was $0.44 and net income attributable to Del Monte was $21.2 million for the quarter. The company highlighted integration progress following its March acquisition of Del Monte Foods and announced a quarterly cash dividend of $0.30 per share.

Financial Highlights

  • Revenue (Net sales): $1,219.1 million for the quarter ended June 26, 2026.
  • Gross profit: $121.3 million; gross margin: 9.9% for the quarter.
  • Operating income: $33.5 million for the quarter; adjusted operating income: $48.7 million.
  • Net income attributable to Del Monte: $21.2 million; adjusted net income attributable to Del Monte: $34.2 million.
  • Earnings per diluted share: GAAP diluted EPS $0.44; adjusted diluted EPS $0.72.

Business Highlights

  • Completed integration workstreams and began first full quarter reporting with the acquired Del Monte Foods business, driving higher prepared foods net sales in Q2.
  • Divestiture impact: Mann Packing was divested in Q4 2025; prior-period results were recast to exclude Mann Packing in adjusted presentations.
  • Segment performance: Fresh and value-added, Bananas, Prepared Foods and Other Products and Services are the company’s four reportable segments following the acquisition and realignment.
  • Operational actions in Costa Rica included closures of four banana farms, contributing to asset impairment charges and reflecting ongoing portfolio and cost-structure actions.
  • Liquidity and capital actions: long-term debt increased reflecting the Del Monte Foods acquisition; company repurchased 465,213 shares for $16.0 million in Q2 and declared a $0.30 quarterly cash dividend.

Original SEC Filing:

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