Del Monte Corp Q2 net income falls to $21.2 million as sales rise to $1.22 billion
Del Monte Corporation, formerly Fresh Del Monte Produce, reported second-quarter 2026 net sales of $1,219.1 million, up from $1,182.5 million a year earlier, driven mainly by the March 2026 acquisition of Del Monte Foods. Net income attributable to the company fell to $21.2 million from $56.8 million, and diluted earnings per share dropped to $0.44 from $1.18, which weighs on shareholders even as sales grew.
Key points
- Net sales for the quarter ended June 26, 2026 were $1,219.1 million, compared with $1,182.5 million a year earlier.
- Operating income fell to $33.5 million from $68.3 million, mainly due to higher asset impairment and other charges and higher selling, general and administrative expenses.
- Adjusted diluted EPS was $0.72 versus $1.41 a year earlier, and the board declared a quarterly dividend of $0.30 per share payable September 4, 2026.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.