DEL MONTE CORP 2026: Revenue $1.22B, EPS $0.44— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Del Monte Corp reported Q2 2026 revenue of $1.22B, up 3.1% YoY, driven by its March acquisition of Del Monte Foods assets. However, net income and diluted EPS fell 62.7% to $21.2M and $0.44, respectively. The decline was attributed to acquisition-related costs, asset impairments from closing four Costa Rica banana farms, operational disruptions due to geopolitical shipping issues in the Strait of Hormuz, and higher input costs.
DEL MONTE CORP reported results for 2026 with revenue of $1.22B, up from $1.18B a year earlier, while net income and diluted EPS declined to $21.2M and $0.44, respectively, reflecting acquisition-related costs, impairments and operational disruptions.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $1.22B | $1.18B | 3.1% |
| Net income² | $21.2M | $56.8M | (62.7%) |
| Diluted EPS³ | $0.44 | $1.18 | (62.7%) |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to Del Monte Corporation”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Acquisition & brand consolidation: Completed March 2026 acquisition of Del Monte Foods assets, reuniting the Del Monte® brand and expanding prepared foods operations.
- Revenue mix shift: Prepared foods sales rose materially after the acquisition, which offset declines in fresh and banana segments driven by a divestiture and lower volumes.
- Operational disruptions: Geopolitical shipping disruptions in the Strait of Hormuz caused product damage, claims and inventory write-offs that impacted operations and supply chains.
- Production actions & impairments: The company closed four Costa Rica banana farms, recorded asset impairments and incurred acquisition-related integration costs.
- Supply & input pressures: Higher production costs, ocean freight and commodity volatility (including fuel and fertilizer) and input shortages constrained margins and availability.
Original SEC Filing: DEL MONTE CORP [ DMC ] - 10-Q - Jul. 31, 2026