Del Monte Corporation Reports Third Quarter Earnings for Fiscal 2026
Key Highlights
- ➤Net sales $1.10 billion, up 7.2% year over year
- ➤Gross profit $102.6 million, up 27.0%; margin expanded 150 basis points
- ➤Adjusted EBITDA $60.9 million, up 5.0% year over year
- ➤Prepared Foods delivered $261.2 million sales and 17.5% gross margin
- ➤Long-term debt rose to $482.5 million, primarily financing the acquisition
Expert Statements
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“Our third-quarter results provide clear evidence of the strategic and financial value of our expanded Del Monte portfolio.”
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“Just six months into the integration of Del Monte Foods, the Prepared Foods segment is already adding scale, attractive margins and greater balance to our earnings profile.”
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“This is supporting strong growth in sales, gross profit and operating income, as well as Adjusted EBITDA, particularly as our core Fresh business navigates volume, currency and cost pressures and an increasingly complex global operating environment shaped by weather volatility and geopolitical uncertainty.”
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“These early results reinforce our confidence in our strategy and, more importantly, in the long-term potential of the Del Monte we are building.”
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“Our focus remains on deepening commercial and operational collaboration, optimizing our fresh and agricultural operations, and leveraging the strength of our reunited brand to accelerate innovation across categories.”
Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer of Del Monte Corporation
“We are approaching these opportunities with discipline and a clear ambition to build a more resilient, competitive and innovative Del Monte that delivers sustainable long-term shareholder value.”
Del Monte Corporation Reports Third Quarter Earnings for Fiscal 2026
Del Monte Corporation (NYSE: DMC) ("Del Monte" or the "Company") today reported financial results for the third quarter ended September 25, 2026. The quarter provided further evidence of Del Monte's transformation into a more diversified food platform. Six months after the acquisition of Del Monte Foods, the Company is benefiting from a stronger earnings mix, improved profitability, and greater balance across its portfolio. The acquisition has significantly expanded the scale of Prepared Foods and strengthened Del Monte's presence across fresh, refrigerated, shelf-stable, and prepared food categories.
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