Del Monte Corporation Reports Third Quarter Earnings for Fiscal 2026
Del Monte Corporation reported Q3 fiscal 2026 net sales of $1.10 billion, up 7.2% (14.2% adjusted), with gross profit up 27% and diluted EPS of $0.39 versus a loss of $(0.61) a year ago. Six months after acquiring Del Monte Foods, Prepared Foods generated $261.2 million in net sales at a 17.5% gross margin — the highest of the company's four segments — driving the earnings-mix improvement. Weakness remains in the legacy fresh business: Bananas posted a $2.7 million gross loss on Middle East competition and $6.1 million of Black Sigatoka-related costs in Costa Rica, and long-term debt nearly tripled to $482.5 million to fund the acquisition.
Key figures
- Eps
- 0.39
- Revenue
- 1095300000
- Revenue Yoy
- 7.2%
- Ebitda
- 54600000
- Net income
- 18300000
- Gross margin
- 9.4%
- Gross profit
- 102600000
- Long term debt
- 482500000
- Adjusted ebitda
- 60900000
- Gross profit yoy
- 27.0%
- Operating income
- 29100000
- Adjusted net sales
- 1095300000
- Dividend per share
- 0.3
- Adjusted ebitda yoy
- 5.0%
- Adjusted net income
- 23600000
- Adjusted diluted eps
- 0.5
- Banana sigatoka costs
- 6100000
- Adjusted net sales yoy
- 14.2%
- Gross margin expansion
- 150 basis points
- Operating cash flow 9m
- 53100000
- Prepared foods net sales
- 261200000
- Adjusted operating income
- 35400000
AI analysis
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