Del Monte Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
Del Monte Foods reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $0.50, surpassing analyst expectations by $0.04. Despite the earnings beat, the company's revenue reached $1.1 billion, falling short of projections by approximately $60 million. On a year-over-year basis, revenue grew by 7.8%. The company also reported an Adjusted EBITDA of $60.9 million, representing a 5.0% increase compared to the previous year. These results highlight a period of rising top-line growth alongside challenges in meeting specific revenue targets.
Topics: earnings beat EBITDA growth revenue miss