Del Monte Corporation Raises Financial Outlook Following Del Monte Foods Acquisition
Del Monte Corporation (DMC) has upgraded its financial guidance following the successful integration of Del Monte Foods. The company now projects net sales of $650 million and an adjusted EBITDA of $45 million, while maintaining its previous full-year FY26 adjusted EBITDA outlook of $230 million to $240 million. Chairman and CEO Mohammad Abu-Ghazaleh noted that the acquisition was intended to do more than just expand the company's product portfolio. The management team expressed confidence in the expanded operations as they complete their second full quarter under the new structure, signaling a strategic shift toward greater scale and synergy realization.
Tickers: $FDP
Topics: acquisition earnings call management outlook
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