Del Monte Corporation Reports Q3 2026 Results Driven by Prepared Foods Acquisition
Del Monte Corporation (DMC) reported third-quarter 2026 net sales of $1.1 billion, a 7.2% increase driven largely by the acquisition and integration of the Del Monte Foods segment. While adjusted net sales rose 14.2%, the company faced significant headwinds in its banana segment, which recorded a gross loss of $2.7 million due to rising production and logistics costs, as well as weather-related challenges in Costa Rica. Despite these pressures, management raised the full-year EBITDA outlook for the Del Monte Foods division to approximately $45 million. The company is currently focused on integrating its new Prepared Foods segment—which boasts a high 17.5% gross margin—and optimizing its banana footprint by closing underproductive farms to mitigate inflationary and weather impacts.
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Topics: acquisition impact earnings report financial guidance revenue growth segment performance
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